At this point, option traders are strengthening their defensive positions, such as increasing their purchases of put options, in anticipation of further declines.
According to data, Bitcoin could fall below $80,000 in early 2026 as investors increase their bearish option bets.
Speaking to Coindesk, Derive co-founder Nick Foster said that Bitcoin investors are preparing for a potential price drop below $80,000 in the new year.
At this point, Forster noted that betting is concentrated on put options with strike prices of $84,000 and $80,000 expiring on December 26.
“This shows that investors are particularly piling up put options towards the December 26th expiration date. Open interest is concentrated around the $84,000 and $80,000 expiration levels around this time.
“This positioning suggests there is a meaningful possibility that BTC will start below $80,000 in 2026.”
Forster, who noted that the downtrend may not be over yet and that market participants are pricing in a volatile December, added that the bottom has not yet arrived: “I don’t believe the bottom has arrived yet. Short-term volatility is now outpacing long-term BTC volatility, signaling that the market could see significant volatility as we enter the new year.”
*This is not investment advice.
Continue Reading: Bitcoin Options Data Sends Bearish Signal! BTC May Reach Below This Level in the New Year!
