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Bearish bets on Bitcoin double as options market sees higher chance of price below $70K by Christmas

Market News
11 Nov 2026, 16:53 WIB
Crypto Briefing
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Bearish
Bearish bets on Bitcoin double as options market sees higher chance of price below $70K by Christmas

Bitcoin's price outlook has turned more bearish on the Derive options platform, with the probability of Bitcoin closing below $70,000 by Christmas rising from 15% to 31% in one week. Meanwhile, the chance of Bitcoin finishing above $80,000 dropped from 53% to 26%, and the odds of reaching $100,000 by June 2027 fell from 22% to 14%. This shift reflects growing concerns about US inflation, potential Federal Reserve rate hikes, and Bitcoin's five-week losing streak. Options trading volume increased 37%, with puts now making up 55% of premiums, indicating more investors are buying downside protection as the $70,000 level becomes a key price threshold.

Bitcoin options traders' price outlook is shown here with Pluang's market data for context. For readers following major cryptocurrencies, 9 rose and 40 fell today among 50 priced assets. Notable movers include BAL at Rp16.297 (+11.14%), UNI at Rp116.775 (-8.61%, with 14% sell and 86% buy order activity), and EOS at Rp12.649 (+8.13%). This snapshot is as of Nov 11, 2026 21:51 WIB.

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