Analysis: BTC has 6% chance of recovering to $90K by March

As Bitcoin falls into the $63,000 range, an analysis suggests options traders are pessimistic about a short-term price recovery. Cointelegraph reported that the recent decline was triggered by weak U.S. employment data and concerns over massive capital expenditures in the AI sector. The outlet noted that options traders see only a 6% probability of BTC recovering to $90,000 by the end of March. The outlet added that on Deribit, a call option to buy BTC at $90,000 on March 27 traded for $522, indicating a low perceived probability of a sharp price increase. Conversely, a put option to sell BTC at $50,000 on the same date traded for $1,380, suggesting that the market sees a higher probability of further declines than a rally.