The pricing of BTC options on Deribit reveals a mere 9.58% chance of the cryptocurrency crossing the $100,000 threshold by December 27, highlighting skepticism about a dramatic price surge.
Despite bullish sentiments from both sophisticated and retail investors about Bitcoin exceeding $100,000, the options market currently allocates a low probability to such an upward movement, maintaining cautious market expectations.
Options are employed by traders to hedge against market fluctuations, with the majority of participants seemingly anticipating stability given the steady Bitcoin implied volatility, currently hovering between a 50% to 60% range.
The current economic backdrop impacted by potential Federal Reserve interest rate cuts has not dramatically shifted market perceptions, maintaining an overall low probability of significant BTC price movements in the near term.
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