11:39 - 28.10.2024
October 28, Fineko/abc.az. Open positions on the Deribit bitcoin options market demonstrate that the probability of seeing an asset above $100,000 is 9.57%.
ABC.AZ reports that CoinDesk analyst Omkar Godboul drew attention to this.
"Options are derivatives that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a predetermined price on or before a certain date. A call contract represents a bullish bid (to buy), while a put protects against a downward price movement," the expert recalled.
Most market participants expect the first cryptocurrency to move to around $80,000, Godboul believes.
However, the expert noted that price fluctuations are always "bidirectional", so an adequate drop in quotations cannot be ruled out.
The chances of bitcoin reaching $100,000 in the near future fluctuate depending on a number of factors, the main of which is the U.S. presidential election, Goldbowl stressed.
