Bitcoin Price Analysis: Correction Probability and Short-Term Peak According to Decrypt, some analysts are predicting that Bitcoin could experience a correction of 5-10% before embarking on a major rally. Jake Ostrovksy, OTC trader at Wintermute, said that the rising implied volatility (IV) in short-term Bitcoin options contracts suggests that the market is pricing in a volatility risk premium (VRP), indicating that traders are anticipating significant price fluctuations in the near term. Meanwhile, analysts at Bitfinex said that Bitcoin's recent surge appears to have hit a short-term peak, noting that while Bitcoin has recovered to the $62,750 area, which is the realized price (on-chain cost basis) of short-term holders, a lack of follow-through buying in the spot market suggests that the rally may have temporarily stalled.

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