#Options market bearish, only 32% chance of BTC breaking $100,000 by month's end#
Hot Topic Overview
Overview
The options market is bearish on the future outlook of BTC. Lin Chen, Head of Asia Pacific Business at Deribit, said on X that options market data shows only a 32% probability of Bitcoin breaking $100,000 by the end of the month. This data indicates that the market is cautious about a significant increase in BTC in the short term, with more investors leaning towards bearish sentiment.
Ace Hot Topic Analysis
Analysis
The options market remains cautious about the future direction of BTC, with Deribit's Asia Pacific Head of Business, Lin Chen, stating on X that based on options market data, the likelihood of Bitcoin breaking through $100,000 by the end of the month is only 32%. This data indicates that despite recent positive signals in the market, market participants remain skeptical about a significant surge in BTC in the near term. The options market is a key indicator of market sentiment, and its data reveals a divergence in investor views on BTC's future trajectory, with some expecting a potential breakthrough of $100,000 while others believe a short-term break above this level remains unlikely.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Option market is bearish on BTC breaking $100,000 by the end of the month
Option market data shows that the probability of BTC breaking $100,000 by the end of the month is only 32%
Deribit executives believe that option market data reflects market expectations for the future of BTC
Option market data can be used as a reference, but it is not an absolute prediction