Reported about 5 hours ago
After Bitcoin reached a peak of nearly $100,000 but then dropped over 8% to approximately $91,377, investors are increasingly betting on its decline. This shift in market sentiment, indicated by a 30% drop in the call-put skew index, reflects traders' concerns over potential risks, leading them to adopt protective strategies. Upcoming options expiry on December 27 is anticipated to trigger major price movements, with estimates suggesting a 68% probability of Bitcoin falling to about $81,493 or soaring to $115,579.
Source: YAHOO