[Derive: Probability of Bitcoin Falling Below $70,000 on Christmas Day Rises to 31%] Derive options pricing data shows that the probability of Bitcoin closing below $70,000 on Christmas Day has risen from 15% last week to 31%, while the probability of closing above $80,000 has decreased from 53% to 26%. Derive founder and CEO Nick Forster stated that traders are turning defensive, with Bitcoin options trading volume on the platform reaching $418 million last week, a 37% increase; put options accounted for 55% of the trading premium, compared to 36% last week. K33 Research Director Vetle Lunde stated that Bitcoin perpetual futures open interest was approximately 353,000 BTC on Tuesday, a 12% increase over the past 30 days, while the price of Bitcoin has fallen by 10% during the same period. (Source: The Block)