Today is an important event in the crypto market — the quarterly expiration for BTC. In short: a large volume of options ( approximately $18.6 billion ) and futures are expiring today. On such days, the market almost always moves, but the key point is that the movement usually happens not during the expiration, but after it. Before expiration, the price is often kept steady, and after — hedges are unwound. If demand is lacking, the market can easily move downward. A lot of longs also serve as fuel for a downward move. This doesn't mean a decline is certain, but the probability of a sharp move increases. If the rally doesn't continue, a pullback usually follows. I think the initial move will likely start toward the end of Friday and continue over the weekend, as there will probably be new rumors from the "peacemaker hawk."