🔮 Witching hour x4

Trillions in derivatives expire today — and history says BTC dips in the days after. Plus why PitchFest matters heading into Miami, and Coinbase launches stock perp futures. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Friday, March 20, 2026 Trillions in options expire today as quadruple witching tests crypto resilience Four types of derivatives expire simultaneously today in the quarterly event that drove the highest S&P 500 volume of 2025. Bitcoin was consistently muted on the day itself last year — but saw weakness in the days to weeks after every single witching Friday. With oil above $100 and the Fed turning hawkish, the backdrop is even more fragile this time. Read the full story → Opinion Why CoinDesk PitchFest matters heading into Miami With Consensus 2026 weeks away, PitchFest is shaping up as the proving ground for the next wave of crypto startups — offering structured exposure to firms like Dragonfly, CoinFund, and Outlier Ventures. Read the op-ed → Markets Coinbase introduces stock perpetual futures for non-U.S. customers The contracts trade 24/7, are cash-settled in USDC, and allow up to 10x leverage on single-stock positions and 20x on ETFs — covering Apple, Microsoft, Tesla and major indexes. Read more → Consensus 2026 — Miami Don't just read crypto's top stories — experience them. Get your pass → Know someone who should be reading this? Share this newsletter See all of CoinDesk's newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.