The price of Bitcoin has reached $72,000, driven by the upcoming large options expiration and reports of potential de-escalation in the Middle East.
Traditional markets have also reacted to the news. WTI crude oil fell by 4.27% to $88.49 per barrel, while Brent dropped 4.41% to $95.84.
Gold continued its upward trend, reaching $4,561.
Coinlore noted that Bitcoin is currently functioning as a "real-time global risk assessment tool."
Bitcoin's rapid response to geopolitical shifts is reshaping its role! 📈 No longer just digital gold, it's now a real-time sentiment instrument for global risk. Why it matters? It reflects macro changes faster than traditional markets. #Bitcoin
— Coinlore (@coinlore) March 24, 2026
According to CryptoQuant analyst Axel Adler Jr., the coin's price will remain influenced by news headlines until official signals of de-escalation emerge.
Markets still lean toward de-escalation, but the signal is weak.
— Axel 💎🙌 Adler Jr (@AxelAdlerJr) March 25, 2026
Macro regime is now Balanced: 10Y yields are neutral at 4.33%, but still rising, while SPX has shifted into range.
Risk assets will likely remain headline-driven and a real drop in yields probably needs a public… pic.twitter.com/vb6OoRdWcy
Options Factor and $75,000 Target
On March 27, Bitcoin options worth $14.16 billion will expire on the Deribit exchange, accounting for nearly 40% of the platform's open interest.
CoinDesk analyst Omkar Godbole pointed out the "maximum pain" level of $75,000, which is the price at which the most contracts will neither profit nor incur losses for buyers.
Deribit’s Chief Commercial Officer Jean-David Piquemal believes the market may gravitate toward this level. Market makers often hedge positions, pushing prices toward the strike level with the highest volume of options.
Meanwhile, the market anticipates a "controlled expiration" without significant price swings. Implied volatility indices are decreasing. Traders are acting cautiously due to geopolitical uncertainty and are selling call options at higher levels, creating a resistance ceiling.
An analyst known as CW noted the return of a historical bullish signal, as large holders have moved from unrealized losses to profits.
A historical bullish signal on $BTC has reappeared. $BTC experienced a bullish rally after whales turned from losses back to profit state. When this signal appeared, a bullish rally inevitably occurs.
— CW (@CW8900) March 24, 2026
And this time, this signal has appeared again. pic.twitter.com/Ovvne3t8T8
Historically, the appearance of this indicator has led to Bitcoin price rallies.
Ethereum Situation
The second-largest cryptocurrency is trading in a narrow range around $2,150. An analyst using the pseudonym Darkfost noted that prices are close to the average realized price of $2,300.
📊 Ethereum is also continuing to trade within a short-term range, with the current price around $2,150.
— Darkfost (@Darkfost_Coc) March 25, 2026
This price is close to the average realized price, which sits at $2,300.
Applying a standard deviation allows projecting a high average price currently estimated at $5,300 and… pic.twitter.com/jmqG7ChJM6
The expert believes the best strategy is to wait. Currently, the $2,300 level acts as resistance, where many investors aim to break even. According to the analyst's calculations, the upper price deviation limit is $5,300, while the lower limit is $1,150.
At the time of writing, Ethereum is trading at $2,181, up 1.1% over the past day.
Hourly chart of ETH/USDT on Binance. Source: TradingView.
Recall that on March 24, an analyst known as Sykodelic identified the condition for Bitcoin's price to rise to $200,000.