#Deribit: 32% probability of BTC breaking $100,000 by the end of the month#
Hot Topic Overview
Overview
Deribit's Asia Pacific Business Head Lin Chen recently stated on X that, based on options market data, there is only a 32% probability of Bitcoin breaking through US$100,000 by the end of the month. This data indicates that while the market may have positive sentiment towards Bitcoin's future trajectory, the options market remains cautious about hitting the US$100,000 mark.
Ace Hot Topic Analysis
Analysis
Lin Chen, Head of Asia Pacific Business at Deribit, stated on social media platform X that, according to options market data, the probability of Bitcoin breaking $100,000 by the end of the month is only 32%. This data suggests that, despite recent market sentiment warming, the options market is not overly optimistic about the future direction of Bitcoin prices. This view aligns with the prevailing cautious sentiment in the market, where many investors believe that although Bitcoin prices have recently risen, the rally may be unsustainable. Deribit is a leading global cryptocurrency options trading platform, and its data analytics results are often considered a market indicator. Therefore, Deribit's prediction has sparked market attention on the future trajectory of Bitcoin prices, reminding investors to exercise caution in their investment decisions.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Option market shows a 32% probability of BTC breaking $100,000 by the end of the month.
Lin Chen, Head of Asia Pacific Business at Deribit, believes that option market data shows a lower probability of BTC breaking $100,000 by the end of the month.
The options market is an important indicator for predicting future price trends.
The possibility of BTC breaking $100,000 by the end of the month is controversial.