Bitcoin's recent surge past $90,000 has raised excitement among investors. However, analyst Griffin Ardern from BloFin warns of a potential downturn. He points to signals from the options market, which suggest this rise might not be sustainable.
The options market is often used to anticipate changes in Bitcoin’s price. Ardern explains that current data shows a significant risk of a price correction, urging investors to remain cautious.
While the current price milestone is noteworthy, investors are advised to stay informed about potential market shifts that could impact their investments.
