#Deribit says there is a 32% probability of BTC breaking $100,000 by the end of the month.#

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Deribit's Asia Pacific Head of Business, Lin Chen, recently 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 statement suggests that while there has been recent market optimism about BTC price movements, the options market is taking a cautious approach to breaking the $100,000 mark.

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Lin Chen, Head of Asia Pacific Business at Deribit, posted on social media platform 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 market is currently optimistic about BTC price increases, the options market is taking a more cautious approach to this possibility. Chen's view is based on the options market's prediction of future price movements, which is generally considered a key indicator of market sentiment and risk appetite. While a 32% probability is not low, compared to some market analysts' optimistic forecasts, this data shows that the options market is taking a more conservative view on a significant rise in BTC price in the short term.

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Option market shows a 32% chance of BTC breaking $100,000 by the end of the month, Deribit executives believe that option market data suggests a lower probability of BTC breaking $100,000 by the end of the month

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