#Deribit: 32% chance of BTC breaking $100,000 by the end of the month.#
Hot Topic Overview
Overview
Lin Chen, Head of Asia Pacific Business at Deribit, posted on X that according to options market data, the probability of Bitcoin breaking through $100,000 by the end of this month is only 32%. This data indicates that while the market has some optimism about Bitcoin's future trajectory, most investors remain cautious about breaking through $100,000 in the short term.
Ace Hot Topic Analysis
Analysis
Lin Chen, Head of Asia Pacific Business at Deribit, stated on X that, according to options market data, the probability of Bitcoin breaking through $100,000 by the end of the month is only 32%. This data suggests that, despite the recent rebound in market sentiment, the options market is cautious about a significant short-term surge in Bitcoin. This viewpoint aligns with recent market performance, as Bitcoin prices have shown some volatility over the past few weeks but have not broken through key resistance levels. The options market is often seen as a reflection of market sentiment and expectations, thus Deribit's analysis indicates that the market is not expecting a significant short-term rise in Bitcoin.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Option
market
is
cautious
about
BTC
breaking
through
$100,000
at
the
end
of
the
month
,
Deribit
option
market
data
shows
that
the
possibility
of
BTC
breaking
through
$100,000
at
the
end
of
the
month
is
only
32%
,
the
option
market
reflects
the
market's
expectation
of
BTC
price
trend
,
the
market
is
divided
on
the
future
trend
of
BTC