Expect extended volatility tomorrow as we have the "Quadruple Witching" , yes that's an actual term and here's what it means:

Tomorrow many investors around the world will naturally be ready to accept some more volatility than usually, the reason for this is the Quadruple Witching happening. May sound like a meme term but it's actually a very professional business term. That term defines a rare day where we have the expiration of stock-index futures AND operation on stock-index futures AND single-stock options AND index options.

Historically, this day shows a lot of volatility in the stock markets which will due to its correlation also be spread into crypto. The last time it happened on March 19th 2021. This was also the day we had the highest volume in the stock markets. Also crypto dumped a bit on that day and formed a local bottom.

So obviously it won't be the biggest of all influences on the market but it's a cool fact and a way to expand your knowledge. Crypto won't be falling off completely just for this as even this high of a correlation won't make it happen.

But with the current Bitcoin prices being right at support, tomorrow could be a trigger for that support to break as we are not looking very strong anyway.