#Deribit: 32% probability of BTC breaking $100,000 by month's end#
Hot Topic Overview
Overview
Lin Chen, Head of Asia Pacific Business at cryptocurrency exchange Deribit, recently 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 implies that the market is cautious about a significant surge in Bitcoin in the short term, and the options market believes that the likelihood of Bitcoin surpassing $100,000 before the end of the month is not high.
Ace Hot Topic Analysis
Analysis
According to a post on social media platform X by Deribit's Head of Asia Pacific Business, Lin Chen, the options market suggests a 32% probability of Bitcoin breaking through $100,000 by the end of the month. This data comes from an analysis of options market trading data, reflecting market expectations for the future price trajectory of Bitcoin. While a 32% probability is not low, this data shows a cautious attitude towards a significant short-term surge in Bitcoin compared to some optimistic predictions. This may be related to the recent high volatility in the cryptocurrency market and uncertainties in the macroeconomic environment. Investors need to carefully evaluate market risks and make investment decisions based on their own circumstances.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Option market is cautious about BTC breaking $100,000 by the end of the month, with a probability of only 32%
Deribit option market data shows that the market is skeptical of a significant rise in BTC in the short term
The option market is an important indicator of market sentiment, and its data shows that investors are not confident in BTC breaking $100,000 in the short term
Although there is some bullish sentiment in the market, option market data suggests that the likelihood of BTC breaking $100,000 by the end of the month is not high