Odaily Planet Daily News: Bitcoin may experience its fourth consecutive month of decline, a situation that has not occurred since the record six-month decline from 2018 to 2019. Although January still has a full trading week remaining, Bitcoin has slightly decreased this month, hovering around $87,000. Bitcoin previously recorded monthly closing declines in October, November, and December, with a significant pullback from October’s all-time high, during which Bitcoin dropped approximately 36% from its peak to trough. Even during the 2022 bear market, when Bitcoin’s price fell from $69,000 to $15,000, there was no more than three consecutive months of decline. However, despite the weakness in spot prices, the derivatives market shows some optimism. Deribit data indicates that the open interest for call options with a strike price of $100,000 is the highest, nearing $900 million, suggesting that a considerable number of traders are betting on a price rebound to six figures.
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