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Specialists from the Derive platform said that by the end of June the Bitcoin rate could collapse to $80,000 and the probability of such a scenario is approximately 30%.
According to experts, the correction of the first cryptocurrency is due to new geopolitical risks. US President Donald Trump’s plans to impose tariffs on imports from several European countries amid the situation around Greenland will cause an even greater flight of investors into defensive assets.
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“Options markets are showing a clear downward bias, with a 30% chance of Bitcoin falling below $80,000 before June 26, compared to a 19% chance of it rising above $120,000 over the same period,” explained Derive head of research Sean Dawson.
He emphasized that in the short term, market participants will act extremely carefully, reducing the share of risky assets in portfolios. Until the US trade and foreign policy agenda is clarified, Bitcoin will remain under pressure, and any attempts to restore the rate will be limited and technical in nature, without forming a sustainable upward trend.
Earlier, senior strategist of the Bloomberg Intelligence platform Mike McGlone said that several factors are putting serious pressure on Bitcoin and the crypto market as a whole.
