An icy chill has blown through the cryptocurrency market in recent months, threatening to cut the industry's golden era short. Last year, boosters forecast Bitcoin would reach $250,000 by the end of 2025, roused by President Donald Trump's promise to make America the "crypto capital of the world." But the coin has dropped 25% since early October, trading at around $92,000, with Ethereum's price down by almost one-third, hovering above $3,000. The total crypto market capitalization has shrunk by about a qu ...

Bitcoin’s options market is swinging heavily toward bears, with the $80,000 put now emerging as the most popular contract on Deribit. The put option holds over $2 billion in open interest, surpassing the $85,000 put at $1.97 billion. The once-dominant $140,000 call has seen its open interest drop to $1.56 billion, as per Deribit data. The rise in put demand indicates that investors expect Bitcoin to crash below $80,000. Stronger Setup for a Rally On-chain data from CryptoQuant shows clear capitulation ...