{"id":18081,"date":"2024-10-25T14:38:19","date_gmt":"2024-10-25T11:38:19","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoins-100000-surge-a-10-probability-according-to-options-data\/"},"modified":"2024-10-25T14:38:19","modified_gmt":"2024-10-25T11:38:19","slug":"bitcoins-100000-surge-a-10-probability-according-to-options-data","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoins-100000-surge-a-10-probability-according-to-options-data\/","title":{"rendered":"Bitcoin’s $100,000 Surge: A 10% Probability According to Options Data"},"content":{"rendered":"

Open positions in the bitcoin options market on Deribit indicate a 9.57% probability of the asset surpassing $100,000. This observation was highlighted by CoinDesk analyst Omkar Godbole<\/a>.<\/p>\n

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\u201cOptions are derivatives that give the buyer the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date. A call contract represents a bullish bet (on buying), while a put protects against downward price movement,\u201d the expert reminded.<\/p>\n<\/blockquote>\n

According to him, the stated estimate \u201conly seems odd.\u201d In reality, most market participants expect the leading cryptocurrency to move towards the $80,000 mark, Godbole believes.<\/p>\n

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\u201cThe current market volatility of cash-settled bitcoin options expiring on December 27 is 54%. This means that at best, the price will rise by more than 22% to about $82,000 by the end of the year,\u201d stated Griffin Ardern from BloFin.<\/p>\n<\/blockquote>\n

However, the expert noted that price fluctuations are always \u201cbidirectional,\u201d so a reasonable decline in quotes cannot be ruled out.<\/p>\n

The chances of bitcoin reaching $100,000 soon fluctuate depending on several factors, the main one being the US presidential elections, Godbole emphasized.<\/p>\n

\n

\u201cThe victory of [Kamala] Harris or [Donald] Trump is not fully priced in, and crypto investors need to be prepared for high volatility in any case,\u201d remarked Two Prime CEO Alexander Blum.<\/p>\n<\/blockquote>\n

In his assessment, most market participants have bet on the Republican candidate. Therefore, Harris’s leadership will not be a positive factor for bitcoin in the short term.<\/p>\n

Earlier, Standard Chartered predicted that the leading cryptocurrency would reach a high above $73,000 amid the US electoral campaign.<\/p>\n

Experts at Bitwise identified the conditions for bitcoin reaching over $80,000 by the end of the year as Trump’s victory, further rate cuts by the Fed<\/span>, and new stimulus measures for China’s economy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Open positions in the bitcoin options market on Deribit indicate a 9.57% probability of the asset surpassing $100,000. This observation was highlighted by CoinDesk analyst Omkar Godbole. \u201cOptions are derivatives that give the buyer the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a […]<\/p>\n","protected":false},"author":1,"featured_media":18080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1168,1146,1138],"class_list":["post-18081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-crypto-derivatives","tag-cryptocurrency-market-forecasts","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18081"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18080"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}