The post Bitcoin breaks into a $2B options trap that can turn this rally violent around $75,000 appeared on BitcoinEthereumNews.com.

For weeks, Bitcoin (BTC) couldn’t convincingly break out of the $70,000 zone, which it kept circling as a real problem area. BTC repeatedly failed to close above that level from early February through early March, making the zone a meaningful area of resistance in a market shedding confidence. Glassnode’s Mar. 11 report described those failures as a sign of weak buy-side demand and overhead supply. However, the ceiling broke, and Bitcoin managed a weekly close above $70,000 on Mar. 14. Related Reading Bitcoin price jumped over $71k – but most of the rally isn’t coming from real buyers Bitcoin is hovering near $71,000, but the rally may be weaker than it looks. As spot buying fades and derivatives volume dominates, the market is leaning more heavily on leverage than real cash demand. Mar 15, 2026 · Andjela Radmilac As of press time, Bitcoin has settled to approximately $74,000, with an intraday high near $75,900. With the weekly close pillar fulfilled, other key metrics drew attention, such as ETF flows and spot demand. US spot Bitcoin ETFs absorbed around $763 million from Mar. 9 to 13, according to Farside Investors data, and Glassnode reported that buy-side activity was close to offsetting selling pressure. These metrics show that Bitcoin has moved from “fragile bounce” territory into “possible stabilization” territory. Yet, the next major options cluster sits almost directly overhead at $75,000. Bitcoin broke above the $70,000 resistance zone on Mar. 14 and reached approximately $74,200 by Mar. 16, approaching the $75,000 gamma magnet. The gamma magnet above Glassnode’s Mar. 4 report identified the $75,000 strike as the key gamma magnet, hosting about $2.3 billion of negative gamma across expiries, with roughly $1.8 billion tied to the Mar. 27 expiry. The Mar. 11 update kept $75,000 as the key upside magnet, this time…

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Filed under: News - @ March 17, 2026 4:27 pm