Options market data reflects traders' bearish outlook that Bitcoin may drop to $75,000

BTC-2,97%

BlockBeats News, January 20 — Traders on the decentralized on-chain options, perpetual contracts, and structured products protocol Derive.xyz believe that the probability of Bitcoin falling below $80,000 by the end of June is 30%. Dr. Sean Dawson, Head of Research at Derive.xyz, stated: “The options market shows a clear downward skew. As of June 26, the probability of Bitcoin dropping below $80,000 is 30%, while the probability of breaking above $120,000 during the same period is only 19%.”

Recently, due to opposition from ten countries against the US plan to take over Greenland, Trump threatened to impose a 10% tariff on imports from these European countries, reigniting tariff concerns. Bitcoin subsequently fell from $95,000 to $91,000.

Dawson said that geopolitical tensions could lead to deeper declines. “The escalation of geopolitical tensions between the US and Europe (especially around Greenland) increases the systemic risk of a market shift back to high volatility environments, and this dynamic has not yet been fully reflected in current spot prices.” He explained that the option skew indicator, which measures the price difference between bullish and bearish options, remains in negative territory, indicating short-term downside concerns. Activity on centralized derivatives platforms like Deribit also shows the same signals.

On both Derive and Deribit platforms, open interest in put options with strike prices between $75,000 and $80,000 is highly concentrated, reflecting market expectations that prices may decline to the mid-$75,000 range.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Samourai Wallet Domain Hijacked: Scam Site Targets Bitcoin Users

A seized bitcoin privacy wallet domain has resurfaced in 2026 under criminal control, reviving a defunct project as a phishing trap targeting unsuspecting users. U.S. Seized Crypto Domain Falls Into Scammers’ Hands, Users Warned The domain tied to Samourai Wallet, once a well-known

Coinpedia5m ago

Why Aksel Kibar Believes Bitcoin Price Is Trap and This 'Rising Wedge' Signals Deeper Drop - U.Today

Analyst Aksel Kibar warns Bitcoin investors that the current price recovery is a technical trap within a downtrend. He identifies a "rising wedge" pattern and predicts potential declines to $60,000 or lower, advising caution against misinterpreting short-term fluctuations.

UToday2h ago

DeepSnitch AI Price Prediction: DOGEBALL and Bitcoin Hyper Investors Rally Behind DeepSnitch AI For Huge Gains As Launch Announcement and 200% Surge Fuels 1000x Projections

Recent regulatory tension in the U.S. gaming and prediction markets space has attracted investors. Legal expert Daniel Wallach indicated that a Nevada court may soon issue a restraining order against Kalshi, potentially restricting sports-related contracts.  Meanwhile, emerging projects like D

CaptainAltcoin2h ago

Over the past 24 hours, the entire network has experienced liquidations of $359 million, with long liquidations accounting for over 80% of the total.

Gate News Reports: On March 22, the total liquidation volume in the cryptocurrency market over the past 24 hours reached $359 million, with long liquidations at $293 million and short liquidations at $65.428 million. BTC liquidations reached $139 million, and ETH liquidations reached $108 million. A total of 119,490 traders were liquidated over the past 24 hours. The largest single liquidation occurred on a certain CEX's BTC-USDT-SWAP trading pair, valued at $10.0182 million.

GateNews3h ago
Comment
0/400
No comments