---
title: "Bitcoin ‘ripe for a squeeze’ as options traders raise odds of sub-$70,000 Christmas"
url: https://thecoingazette.com/bitcoin-ripe-for-a-squeeze-as-options-traders-raise-odds-of-sub-70000-christmas/
date: 2026-11-11
modified: 2026-11-11
lang: en
author: "Coin Gazette Editorial"
description: "Bitcoin trades below $74,000 on Wednesday after five weekly losses, with Derive pricing 31% odds of a sub-$70,000 Christmas."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 19
---

# Bitcoin ‘ripe for a squeeze’ as options traders raise odds of sub-$70,000 Christmas

Bitcoin trades below $74,000 on Wednesday after five weekly losses, with Derive pricing 31% odds of a sub-$70,000 Christmas.