#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, said on social media platform X that based on 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 has expectations for a rise in Bitcoin prices, the options market is cautious about a breakout to $100,000 in the short term.
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, there is only a 32% probability of Bitcoin breaking through $100,000 by the end of the month. This data suggests that while the market has recently been optimistic about BTC price increases, the options market is not particularly bullish on this possibility. Chen's view is based on the options market's prediction of future price movements, which is generally considered a key indicator of market sentiment and expectations. While a 32% probability is not low, it also indicates that there is no consensus in the market about BTC breaking through $100,000, and investors need to be cautious about market trends.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Option market shows a 32% chance of BTC breaking $100,000 by the end of the month, Deribit's Asia Pacific Business Head Lin Chen believes that option market data shows a lower probability of BTC breaking $100,000 by the end of the month