According to Sean Dawson, head of research at DeFi derivatives protocol Derive, there is a small chance for further upward momentum for Bitcoin in January. The derivatives market is pointing to a 6% likelihood of Bitcoin surpassing $150,000 and a 10.5% probability of Ethereum reaching $6,000 by the end of the month. The 25 delta skew, which measures market bias, has remained stable, indicating that traders' expectations for price direction or risk haven't significantly shifted. Bitcoin recently crossed the $100,000 mark but experienced volatility, dipping to an eight-day low of $92,000 before recovering to around $99,260. Weekend trading tends to reduce volatility and give the market a chance to stabilize. Bitcoin has gained attention from both retail and institutional investors following President-elect Donald Trump's victory in the 2024 elections. Trump has promised to implement a strategic Bitcoin reserve in the US. The market is currently in a new price discovery zone, with the potential for the spot price to rise further or fall below $100,000.



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