#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 cryptocurrency trading platform Deribit, said on social media platform 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 although the market has warmed up recently, the market is cautious about a sharp rise in Bitcoin in the short term.
Ace Hot Topic Analysis
Analysis
Lin Chen, Head of Asia Pacific Business at Deribit, posted on X that according to options market data, there is only a 32% chance of Bitcoin breaking $100,000 by the end of the month. This data suggests that while there have been some positive signals in the market recently, the market remains cautious about a significant price surge in the short term. The options market is often seen as an important indicator of market sentiment and expectations, so Deribit's analysis may reflect the general view on Bitcoin's price trajectory. While a 32% probability doesn't mean that Bitcoin is impossible to break $100,000, it suggests that the market generally believes the likelihood of a significant surge in the short term is low.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Option market shows only 32% chance of BTC breaking $100,000 by the end of the month.
Deribit executive Lin Chen believes that option market data suggests a lower likelihood of BTC breaking $100,000 by the end of the month.
Option market data can be used as a reference, but it is not an absolute prediction.
BTC price movements are influenced by a variety of factors, and option market data is just one of them.