#Deribit: 32% probability of Bitcoin breaking $100,000 by month's end#
Hot Topic Overview
Overview
Lin Chen, APAC Business Head of crypto exchange Deribit, said on social media platform X that according to options market data, there is only a 32% probability of Bitcoin breaking $100,000 by the end of the month. This data suggests that despite the recent surge in Bitcoin prices, the market remains cautious about the possibility of breaking the $100,000 target in the short term.
Ace Hot Topic Analysis
Analysis
Lin Chen, Head of Asia Pacific Business at Deribit, said on social media platform X that according to options market data, the probability of Bitcoin breaking $100,000 by the end of the month is only 32%. This data suggests that while the market is currently optimistic about Bitcoin's price rise, the options market is not very bullish on this expectation. The options market is often seen as a reflection of market sentiment and risk appetite, so Deribit's analysis could indicate that the market is cautious about a significant short-term rally in Bitcoin.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Option market shows a 32% chance of Bitcoin breaking through $100,000 by the end of the month
Deribit option market data shows a low probability of Bitcoin breaking through $100,000 by the end of the month
Option market data can be used as a reference, but cannot fully predict Bitcoin price trends
Bitcoin price trends are affected by multiple factors, option market data is only one of them