BloFin official stated that Bitcoin investors still expect prices to fall.
As the Bitcoin (BTC) price struggles to break above the $90,000 level, movements observed in the Deribit-based options market bear resemblance to the price drop seen in Trump media stocks in the recent past.$BTC
It was stated that these movements are based on an indicator called the “implicit probability distribution”, which reflects investors' future price expectations.
According to data provided by crypto finance platform BloFin, the implicit probability distribution showing expectations for Bitcoin price movements reveals that market participants expect prices to continue to fall to lower levels.
Griffin Ardern, head of options trading and research at BloFin, emphasized that this situation shows a clear “left shift” trend, especially in Bitcoin options with different expiration dates.
Ardern said that this shift creates a perception among investors that Bitcoin and altcoin prices are still at high levels and indicates that new pullbacks may occur.
Ardern noted that the same pattern had recently been seen with Trump media stocks, which rose to $54 in late October but then fell sharply after the US presidential election in early November, falling to $27 in two weeks.
Ardern emphasized that this example indicates that a similar price correction may occur in the Bitcoin market.