#Options market sees Bitcoin breaking $100,000 by month's end#
Hot Topic Overview
Overview
Currently, the options market is bearish on Bitcoin breaking through $100,000 by the end of the month. Lin Chen, Head of Asia Pacific Business at Deribit, said on social media platform X that the options market shows a 32% probability of Bitcoin breaking through $100,000 by the end of the month. This data suggests that options market investors generally believe that Bitcoin will find it difficult to break through the $100,000 mark in the short term.
Ace Hot Topic Analysis
Analysis
The options market remains cautious about the near-term trajectory of Bitcoin prices. Lin Chen, Head of Business Development APAC at Deribit, stated on X that data from the options market suggests a mere 32% probability of Bitcoin surpassing $100,000 by month's end. This data indicates that while some market participants are optimistic about Bitcoin's price gains, options market players generally believe that a short-term breach of $100,000 is unlikely. This view aligns with Bitcoin's recent price movements, which have exhibited volatility but have yet to break through crucial resistance levels. As a significant financial derivatives market, the options market's data provides insights into market expectations for future price trends. Therefore, the options market's cautious stance on Bitcoin price movements warrants attention.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Option
market
shows
Bitcoin
end
of
month
break
through
100,000
USD
possibility
is
low
only
32%
Deribit
executive
believes
option
market
data
shows
Bitcoin
end
of
month
break
through
100,000
USD
possibility
is
low