Crypto Scenario Insights

Bitcoin reclaims $67,000 — but does Deribit options data signal a bull trap?

What happened

Bitcoin's recovery to $67,000 has sparked bullish sentiment, but underlying derivatives data on Deribit suggests heightened volatility risk.

What we think

The most likely outcome over the next 7 days is high-volatility range-bound consolidation between $64,000 and $68,000, with a 55% probability, as spot buyers face institutional hedging walls.

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Bitcoin reclaims $67,000 — but does Deribit options data signal a bull trap?

We explain what happened and what could follow. We do not forecast prices.

Read the full analysis