Bitcoin's (CRYPTO:BTC) value has remained steadfast above the crucial $69,000 threshold following the largest quarterly Bitcoin futures options expiration event.

This resilience in price indicates that the anticipated retracement period leading up to the halving may have concluded.

The significant event saw over $15.1 billion in cryptocurrency futures options reach their expiry on the Deribit exchange, marking a notable occurrence in the market on March 29.

Hao Yang, Bybit's global head of derivatives trading, contributed insights to this development, signaling a pivotal moment for Bitcoin and potentially setting a tone for its near future in the crypto market.

This event underlines Bitcoin's robust market position amid fluctuations and speculations, further fueling discussions about its trajectory as critical financial milestones are observed.