#Options market bearish on Bitcoin breaking $100,000#
Hot Topic Overview
Overview
The options market is currently bearish on Bitcoin's future trajectory. Lin Chen, the Head of Asia Pacific Business at Deribit, expressed on X (formerly Twitter) that option market data suggests there is only a 32% chance of Bitcoin exceeding $100,000 by the end of the month. This data indicates a widespread market belief that Bitcoin will struggle to breach the $100,000 mark in the near term, and investors are adopting a cautious stance towards its future direction.
Ace Hot Topic Analysis
Analysis
Recently, predictions about the future trajectory of Bitcoin from the options market have attracted attention. Lin Chen, Head of Business Development, Asia Pacific at Deribit, stated on social media that, based on options market data, the probability of Bitcoin breaking through $100,000 by the end of the month is only 32%. This data suggests that the options market as a whole is cautious about a significant rise in Bitcoin in the short term, believing the likelihood of it exceeding $100,000 is low. This aligns with the recent volatility in Bitcoin prices and the cautious sentiment in the market. However, it's important to note that the options market is merely an indicator of market sentiment and cannot fully predict future price movements. Ultimately, the future direction of Bitcoin will depend on various factors, including macroeconomic conditions, regulatory policies, and market sentiment.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Option
market
is
cautious
about
BTC
breaking
through
100,000
USD
at
the
end
of
the
month
,
Deribit
data
shows
that
the
probability
of
BTC
breaking
through
100,000
USD
at
the
end
of
the
month
is
only
32%
,
the
option
market
has
a
strong
bearish
sentiment
,
the
market
is
divided
on
whether
BTC
will
break
through
100,000
USD
in
the
short
term