The options market generally believes there is only a 6% chance that Bitcoin will return to $90,000 in March.

Bitcoin prices fell below $63,000 on Thursday, hitting their lowest level since November 2024. Since its failed attempt to break $90,500 on January 28, Bitcoin has dropped 30%, leaving traders skeptical of any recent upward momentum. Weak US jobs data and concerns about massive capital spending in the artificial intelligence sector have exacerbated the current pessimism. Regardless of whether the Bitcoin plunge was triggered by macroeconomic changes, options traders currently widely believe there is only a 6% chance that Bitcoin will return to $90,000 in March. (Cointelegraph)