Bitcoin Price Prediction: These Indicators Suggest A $27,000 Plunge KEY POINTS It's possible that no further volatility will be caused by the expiration As Bitcoin's price stabilized, alternative cryptocurrencies found room to increase Bitcoin may be trading at $33,000 at the moment but the options market signals a bearish sentiment, suggesting a plunge to $27,000 is still possible. Around $4 billion worth of Bitcoin options are set to expire Friday, split among calls (bullish) and put (bearish) options. According to Bybt.com, the expiry accounts for 107,000 BTC, which is 45% of the open interest for aggregate options, Cointelegraph reported. Most of the enthusiasm was due to Bitcoin's new all-time high of $42,000. With that, there were some bullish call options that traded. However, as Bitcoin slid down, the bullish short-term options became worthless. Setting aside call options above $40,000 and put options below $25,000, an estimated $745 million worth coins will expire on Friday, Cointelegraph said.