Bitcoin Rally Accelerates, But BTC Options Doubt $84K Is Possible
Cointelegraph
Despite Bitcoin's recent price gains, options markets indicate only a 25% probability that the cryptocurrency will reach $84,000 by the end of May.Summary
Bitcoin has recently reached the $78,000 level, bolstered by strong institutional demand and significant accumulation by spot ETFs and listed companies like Strategy (MSTR US). However, derivatives markets remain cautious; options data suggests only a 25% chance of BTC hitting $84,000 by late May, with a notable demand for downside protection reflected in put options. While futures and options indicate skepticism, the consistent absorption of mining supply by major institutional entities suggests that strong bullish momentum may persist despite the muted expectations from professional traders.
(Source：Cointelegraph)