#Deribit: 32% chance of BTC breaking $100,000 by the end of the month.#
Hot Topic Overview
Overview
Lin Chen, Head of Asia Pacific Business at cryptocurrency trading platform Deribit, said that according to options market data, there is only a 32% chance of Bitcoin breaking through $100,000 by the end of the month. This data suggests that while the market is hopeful for Bitcoin's price rise, the options market is taking a cautious approach to this possibility.
Ace Hot Topic Analysis
Analysis
Lin Chen, Head of Business Development for Asia Pacific at Deribit, said on 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 the options market remains cautious about a significant Bitcoin price surge in the near term, despite recent market sentiment warming. This view aligns with recent market performance, where Bitcoin prices have risen but in a relatively subdued manner, with no signs of a major breakout. The options market, as a tool reflecting market sentiment and expected risk, indicates that investors are wary of Bitcoin breaking $100,000 in the near term. This caution may be linked to macroeconomic environment, regulatory policies, and market volatility among other factors.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Option market is cautious about BTC breaking $100,000 by the end of the month, with a probability of only 32%, Deribit executives believe that option market data shows a lower probability of BTC breaking $100,000 by the end of the month, Option markets can be used as a reference indicator, but not an absolute prediction, BTC price movements are affected by a variety of factors, option market data is only one of them