The head of analytics at the decentralized finance protocol Derive said that by January 31, 2025, the probability that Ethereum will reach $6,000 is 10.5%, and that Bitcoin will exceed $150,000 is 6%.

Sean Dawson said that the derivatives market suggests that the Bitcoin and Ethereum bull run could continue until the end of January:

“As for options deviation indicators, they have remained stable since last week. The market consolidated over the weekend and there is a chance for new all-time highs in the medium term.”

Option deviation helps determine market sentiment by measuring the difference in the valuation of call and call options. The stability of this indicator indicates that traders’ expectations regarding the direction of movement of the price of cryptocurrencies have not undergone significant changes, according to Derive.

Now the price movement of Bitcoin and Ethereum will be more restrained than at the end of last week – despite the fact that the market has become more responsive to purchases of the first cryptocurrency by an American company MicroStrategy, which is actively increasing its BTC reservestold in Derive.

Earlier, Real Vision expert Jamie Coutts said that Bitcoin could plunge into a correction for at least two to three months. If market conditions worsen, the asset will experience “serious pain,” the specialist suggested.