#Deribit: 32% probability of BTC breaking $100,000 by the end of the month.#
Hot Topic Overview
Overview
Lin Chen, the APAC Head of Business at crypto exchange Deribit, said 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 the recent market sentiment is optimistic about Bitcoin price increases, the options market is not quite as bullish about this possibility.
Ace Hot Topic Analysis
Analysis
Lin Chen, Head of Business Development for Asia Pacific at Deribit, said 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 indicates that while the market is optimistic about Bitcoin price increases, the options market is cautious about this goal being achieved. This means that while some investors believe Bitcoin has the potential to break $100,000, overall market sentiment is not optimistic, with more investors believing that Bitcoin is unlikely to reach this price level by the end of the month. This data also reflects the market's uncertainty about the recent macroeconomic environment and regulatory policies, as well as a cautious attitude towards the overall cryptocurrency market trend.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Option market shows a 32% chance of BTC breaking through $100,000 by the end of the month.
Deribit's Asia Pacific Head of Business, Lin Chen, believes that option market data shows a lower probability of BTC breaking through $100,000 by the end of the month.