Major cryptocurrencies traded mixed on Wednesday evening as Bitcoin’s momentum slowed and it experienced a small price correction. What Happened: Over $9.4 billion worth of Bitcoin options are scheduled to expire on the Deribit cryptocurrency exchange on March 29. This indicates a potential maximum pain price of $50,000, according to data shared by Unfolded in a March 27 X post. The max pain price is the strike price with the most open Bitcoin options contracts (puts and calls). It represents the price at which the majority of option holders would experience financial losses at expiration. Las…
