#Deribit: 32% chance of Bitcoin breaking $100,000 by month's end#
Hot Topic Overview
Overview
Lin Chen, Head of Asia Pacific Business at cryptocurrency exchange Deribit, said on social media platform X that according to options market data, the probability of Bitcoin breaking $100,000 by the end of this month is only 32%. This data suggests that while there is some optimism in the market about Bitcoin's future trajectory, most investors do not believe that Bitcoin will rise significantly in the short term.
Ace Hot Topic Analysis
Analysis
Lin Chen, Head of Business Development for Asia Pacific at Deribit, said on social media platform X that according to options market data, there is only a 32% chance of Bitcoin breaking $100,000 by the end of the month. This data indicates that while there is optimism in the market about Bitcoin's price surge in the near term, the options market is taking a cautious approach to this possibility. The options market is often viewed as a key indicator of market sentiment and expectations, so Deribit's analysis could mean that the market is skeptical about a significant rise in Bitcoin's price in the near term. Nonetheless, a 32% probability still suggests that the market has some level of expectation for Bitcoin price increases, and future trends will need to be monitored for the impact of market dynamics and related factors.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Option markets are 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,
Option markets can be used as a reference indicator, but they are not absolute predictions,
The market is divided on the price trend of BTC, with some people believing that the probability of breaking $100,000 is low