Bitcoin's speculative excitement is waning following a 30% surge since the US election on November 5, driven by President-elect Trump's pro-crypto stance. The cryptocurrency dipped below $87,000 after comments from Federal Reserve Chair Jerome Powell regarding interest rates, later recovering to $90,265. In the derivatives market, a decline in the premium for CME-listed Bitcoin futures suggests a shift in risk profiles, with a notable increase in bearish options for a strike price of $80,000.