Bitcoin bears dominate: odds of year-end price below $90,000 rise
Market Intelligence Analysis
AI-PoweredThe likelihood of Bitcoin closing the year below $90,000 has increased to 50%, as traders are increasingly hedging against further declines. Currently, Bitcoin is down 4.2% at $86,681.41, indicating bearish sentiment in the market.
Market impact analysis based on bearish sentiment with 75% confidence.
Article Context
NEW YORK (Reuters) -The likelihood of bitcoin ending the year below $90,000 has risen to 50%, according to online options platform Derive.xyz, as traders ramped up hedging against more declines in the world's largest cryptocurrency. On the other hand, the options market has assigned just a 30% chance of bitcoin finishing 2025 above $100,000. Bitcoin was last down 4.2% at $86,681.41 on Thursday, after earlier falling to a seven-month low.
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