#32% probability of BTC breaking $100,000 by the end of the month.#
Hot Topic Overview
Overview
According to Lin Chen, Deribit's Asia Pacific Head of Business, in a post on social media platform X, the options market suggests a 32% probability of Bitcoin breaking through US$100,000 by the end of the month. This data indicates that, despite recent market expectations of a BTC price surge, the options market remains cautious about this possibility.
Ace Hot Topic Analysis
Analysis
According to a post by Lin Chen, Deribit's Head of Business for Asia Pacific, on X, the options market shows only a 32% probability of Bitcoin breaking $100,000 by the end of the month. This means that while the market is currently optimistic about BTC price increases, the options market remains cautious about this possibility. The options market is a derivative trading market in the financial markets, where prices reflect market expectations of future price movements. Therefore, the options market's 32% probability of BTC breaking $100,000 by the end of the month suggests that the market is not strongly expecting this event, and investors generally believe that BTC prices are unlikely to rise significantly in the short term.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Option market shows only a 32% chance of BTC breaking through $100,000 by the end of the month
Deribit's Asia Pacific Business Head Lin Chen believes the chances of BTC breaking through $100,000 by the end of the month are low