Bitcoin, currently trading at $90,849.73, faces a 30% probability of falling below $80,000 by late June, according to data from decentralized trading platforms like Derive.xyz. This potential downturn is highlighted by a downside skew in options markets, with a 19% chance of Bitcoin rallying above $120,000 in the same period, as noted by Dr. Sean Dawson, head of research at Derive.xyz. The geopolitical tensions, particularly President Donald Trump's recent tariff threats against European nations, have contributed to Bitcoin's recent decline from $95,000 to $91,000. These tensions could further exacerbate market volatility, with options activity on platforms like Derive and Deribit showing significant open interest in put options at strike prices between $75,000 and $80,000, indicating expectations of a potential price drop to the mid-$70,000s.