THE BIGGEST TRIPLE WITCHING EXPIRY WILL HAPPEN TODAY.

And this is how $BTC reacted to this in the past.

Triple witching expiration is a quarterly event where stock options, index options, and index futures expire together.

Today, $7.1 trillion worth of these financial instruments will expire, making it the biggest one ever.

Talking about the S&P 500 first, the average return on the last 14 triple witching events is -0.5%.

This is a sign that markets tend to move downside on this day, rather than a rally.

In 2025, all triple witching events have been bearish for BTC.

21st March 2025: $BTC dropped 16% after the triple witching event.
20th June 2025: $BTC dropped 7.7% after the triple witching event.
19th Sept 2025: $BTC dropped 7.5% after the triple witching event.

Given that the crypto market is still weak, another sell-off could definitely happen.

Also, crypto has been the worst-performing asset this year, so a lot of tax harvesting selling has been ongoing.

Apart from this, there's another big event related to crypto coming next week.

"Quarterly options expiry."

On 26th December, $23.56 billion in BTC options and $3.78 billion in ETH options will expire.

This could also bring a lot of volatility, which means 2025 would probably end on a bad note for crypto.