Odaily Planet Daily News: Geoff Kendrick, an analyst at Standard Chartered Bank, said that Bitcoin may fall below $60,000 before the weekend due to geopolitical risk concerns, but he believes that this will provide opportunities for accumulation. In addition, Geoff Kendrick also emphasized that Bitcoin call option positions have increased significantly, and pointed out that the open interest of options with an exercise price of $80,000 expiring on December 27 has increased. Geoff Kendrick also pointed out that Bitcoin has not become a safe haven against geopolitical tensions. "Gold is a geopolitical hedge tool. Bitcoin is a tool to hedge against traditional financial problems such as bank failures or de-dollarization/US Treasury sustainability issues." (TheBlock)