Greeks.live: Q1's largest options expiration date is approaching, and institutions are heavily positioning in long-term call options.

DeepFlowTech · 2026-03-26T15:35:10+00:00

The largest options expiration date of the first quarter is approaching, with nearly 40% of options expiring. BTC's critical support level is at $75,000, and market sentiment is bearish. Implied volatility is strong but is about to decline sharply, posing high risks for short-term options buyers. Institutions are actively adjusting their positions, positioning for a medium- to long-term rebound.

DeepFlowTech

2026-03-26 15:35:10

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Deep Tide TechFlow News, March 26: According to Greeks.live (@GreeksLive), tomorrow marks the largest options expiration day of the first quarter this year, with nearly 40% of options expiring. The biggest pain point for BTC is at $75,000, but the market currently struggles to reach that level; the put/call ratio remains around 0.6, indicating a generally bearish sentiment.

Regarding volatility, as expiration approaches, front-end implied volatility (IV) remains strong, but after settlement, a sharp IV drop (IV Crush) is highly likely. Short-term options buyers face significant time decay, giving sellers a clear advantage.

On-chain data shows that today on Deribit, institutional “smart money” is actively adjusting positions, with large open interest closures for contracts expiring tomorrow, and a focus on out-of-the-money (OTM) call options for June and September, betting on a medium- to long-term rebound.

BTC-2.31%

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