#Deribit: Low probability of BTC breaking $100,000#
Hot Topic Overview
Overview
Lin Chen, Head of Business for Asia Pacific at Deribit, said on social media platform X that based on options market data, there is only a 32% chance of Bitcoin breaking $100,000 by the end of this month. This suggests that the market generally believes that the possibility of a significant rise in Bitcoin in the short term is low, and investors are taking a cautious approach to the future trend.
Ace Hot Topic Analysis
Analysis
Deribit's Asia Pacific Head of Business, Lin Chen, 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 signifies a cautious stance within the market regarding a significant price surge for Bitcoin in the near term. This perspective stems from the options market's predictions about future price movements, which are generally viewed as a critical indicator of market sentiment and expectations. While a 32% probability is not entirely implausible, it suggests a widespread belief that Bitcoin's chances of surpassing $100,000 in the short term are relatively low. This view aligns with recent Bitcoin price trends, which have seen the cryptocurrency remain relatively stable over the past few weeks, lacking any pronounced signs of a breakthrough.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Option market data shows that the possibility of BTC breaking through $100,000 at the end of the month is low, only 32%,
Deribit executives believe that option market data can be used as a reference, but it cannot fully represent the market trend,
BTC price trend is affected by many factors, and option market data is only one reference indicator,
The market has different views on the future price trend of BTC, some people believe that the possibility of breaking through $100,000 is low