Bitcoin Trades Near $70,300 as $1.7B Deribit Options Expire on March 20, 2026

Bitcoin hovered around $70,300 on March 20, 2026 as roughly 23,000 Deribit options contracts—about $1.7 billion notional—headed into expiry with “max pain” near $70,000. Over the past 24 hours, liquidations totaled $93.85 million, led by $54.94 million in longs, while on-chain data showed more than 28,000 BTC moved to exchanges at a loss amid ongoing short-term holder selling.