The options market generally believes that the probability of Bitcoin returning to $90,000 in March is only 6%

Odaily News On Thursday, Bitcoin's price fell below $63,000, reaching its lowest level since November 2024. Since failing to break through $90,500 on January 28th, Bitcoin's price has dropped by 30%, leaving traders skeptical of any near-term upward momentum. Weak US job market data and concerns over massive capital expenditures in the artificial intelligence sector have exacerbated the current pessimism.

Regardless of whether Bitcoin's sharp decline is triggered by macroeconomic changes, options traders currently generally believe that the probability of Bitcoin returning to $90,000 in March is only 6%. (Cointelegraph)