Today's record $7.1 trillion in "Quadruple Witching Day" derivatives expirations are putting pressure on markets. Historical data shows that Bitcoin tends to weaken in the weeks following similar events. Bitcoin is currently trading near $69,800, and the cryptocurrency market's Fear and Greed Index stands at 30. Traders are on high alert preparing for further volatility, as $13.5 billion worth of crypto options are set to expire on the Deribit platform next week.

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