BTC’s Descent: Traders Prepare for a Bitter New Year ❄️📉

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What to know:

  • Bitcoin traders, with the solemnity of Russian peasants bracing for winter, now bet on BTC’s descent beneath $80,000 by 2026, per Derive’s Nick Forster.
  • The bottom? A mirage. Or perhaps a ghost. Forster insists it remains elusive, like a lost love letter in a snowstorm.

Bitcoin traders, once giddy as carnival dancers, now shuffle like penitents, donning defensive positions as if preparing for a frostbitten apocalypse. The market, it seems, has traded its gilded crown for a tattered shawl.

“Skew’s sharp plunge,” Forster mused in a note so dry it could parch a desert, “reveals traders piling puts like children stacking autumn leaves-into December 26, where open interest clings stubbornly at $84K and $80K strikes.”

“A meaningful probability of sub-$80K BTC to start 2026,” he added, as though delivering a eulogy for a cryptocurrency’s golden age. 🪦

At press time, BTC lingered near $87,000-a 30% retreat from its October 8 peak of $126,000, per CoinDesk. One might call it a “correction.” We’ll call it a midlife crisis. 😅

Forster, ever the optimist (or perhaps a masochist), warned that the downtrend may yet stretch its legs. “Short-dated volatility now outpaces long-dated BTC volatility,” he declared, “a sign the market expects swings wilder than a Cossack’s dance. The bottom? Not here. Not yet. Not even close.” 🌀

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2025-12-02 07:18