Bitcoin is expected to rally as volatility in its price decreases, according to Thomas Perfumo, a global economist at Kraken. Following a significant 47% drop from its October peak of $126,000, options traders are betting on diminishing price swings, projecting stabilization between $65,000 and $70,000. Perfumo noted that similar patterns occurred after corrections in August 2024 and March-April 2025, where market recovery followed periods of heavy selling and normalization of volatility. Additionally, onchain data shows a decrease in “coin days destroyed,” indicating fewer long-term holders are selling, which reduces supply pressure and could support a market recovery.
Bitcoin primed for price rally as options traders signal recovery
