Bitcoin volatility may rise today on Quadruple Witching Day

Bitcoin could see increased price volatility today, which is Quadruple Witching Day, CoinDesk reports. The event, which occurs on the third Friday of March, June, September, and December, marks the expiration of four major types of U.S. stock market derivatives. CoinDesk noted that in March 2025, approximately $4.7 trillion in derivatives expired, pushing S&P 500 trading volume to a yearly high, with above-average volume also observed on other Quadruple Witching Days. The outlet explained that while this is a traditional finance event, its effects can spill over into the cryptocurrency market. Historically, Bitcoin has tended to be subdued on Quadruple Witching Day itself, but a consistent bearish pattern has often emerged in the subsequent days and weeks, warranting caution about potential market turbulence.