#Deribit: 32% probability of BTC breaking $100,000 by the end of the month.#
Hot Topic Overview
Overview
Lin Chen, Head of Asia Pacific Business at cryptocurrency exchange Deribit, recently 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 optimistic about a rise in Bitcoin prices, the options market is cautious about this possibility, believing that it is unlikely for Bitcoin to break $100,000 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 through $100,000 by the end of the month is only 32%. This data suggests that while the market is optimistic about BTC price increases recently, the options market remains cautious about achieving this goal. Options markets are often seen as a reflection of market sentiment and risk appetite, so Deribit's analysis may suggest that investors are taking a wait-and-see approach to a significant rise in BTC in the short term. While a 32% probability is not entirely impossible, this data also suggests that the market's expectation for BTC to break through $100,000 is not strong, and investors need to be cautious about the market trend.
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 low probability of BTC breaking $100,000 by the end of the month,
The option market can be used as a reference indicator, but it is not an absolute prediction,
BTC price movement is influenced by a variety of factors, and option market data is only one of them.