Bitcoin price forecast: Traders bet on bitcoin reclaiming $80,000
Traders are betting on a Bitcoin rally above $80,000, with options pricing showing a 35% probability by the end of June.Summary
Sentiment in the Bitcoin market has turned bullish, with traders positioning for a rally above $80,000, according to Derive. Options pricing suggests roughly a 35% probability that BTC will exceed $80K by the end of June, and combined with a recovery in skew, suggests expectations for a rally toward that level between June and September. Options skew, which measures the pricing gap between calls (bets on price increases) and puts (bets on price decreases), has rebounded sharply from panic lows of -25% to around +10%, indicating traders are dialing back on protective puts and crash hedging. This shift suggests that concerns of a catastrophic crash may have been overstated, as put shorting has also surged, consistent with expectations of stabilizing or rising prices. At the time of reporting, Bitcoin was trading near $70,000.
(Source：CoinDesk)