The price of the leading cryptocurrency has reached $72,000. This surge comes amid an impending major options expiry and reports of a 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 ascent, reaching $4561.
Coinlore noted that Bitcoin now acts 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 headlines until official signals of de-escalation emerge.
Markets still lean toward de-escalation, but the signal is weak.
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— Axel 💎🙌 Adler Jr (@AxelAdlerJr) March 25, 2026
Options Factor and the $75,000 Target
On March 27, Bitcoin options worth $14.16 billion will expire on the Deribit exchange. This represents nearly 40% of the platform’s total open interest.
CoinDesk analyst Omkar Godbole highlighted the “maximum pain” level at $75,000. This is the price at which the largest number of contracts will neither profit nor lose for buyers.
Deribit’s Chief Commercial Officer Jean-David Pekigno believes the market could gravitate towards this level. Market makers often hedge positions, pushing the price towards the strike level with the highest options volume.
Meanwhile, the market anticipates a “controlled expiry” without significant price swings. Implied volatility indices are declining. Traders are cautious 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. Large coin holders have moved from unrealized losses to profits.
A historical bullish signal on $BTC has reappeared.$BTC occurred bullish rally after whales turned from losses back to profit state. When this signal appeared, a bullish rally inevitably occur.
And this time, this signal has appear again. pic.twitter.com/Ovvne3t8T8
— CW (@CW8900) March 24, 2026
Previously, the appearance of this indicator inevitably led to a Bitcoin price rally.
Ethereum’s Situation
The second-largest cryptocurrency by market capitalization is trading within a narrow range around $2150. An analyst under the pseudonym Darkfost noted that prices are near the average realized price ($2300).
📊 Ethereum is also continuing to trade within a short-term range, with the current price around $2150.
This price is close to the average realized price, which sits at $2300.
Applying a standard deviation allows projecting a high average price currently estimated at $5300 and… pic.twitter.com/jmqG7ChJM6
— Darkfost (@Darkfost_Coc) March 25, 2026
The expert considers waiting the best strategy. Currently, the $2300 level acts as resistance, where many investors aim to break even. According to the analyst’s calculations, the upper deviation boundary for the coin’s price is $5300, and the lower is $1150.
At the time of writing, Ethereum is trading at $2181, up 1.1% over the past day.
Earlier, on March 24, an analyst known as Sykodelic outlined a condition for Bitcoin’s price to reach $200,000.