The implied probability distribution in the Deribit-listed options market for Bitcoin suggests that market participants believe there is a higher probability of the cryptocurrency trading at lower prices in the future. This left shift in the implied probability distribution is similar to patterns seen in the options market for Trump media shares before their recent price slide. The DJT share price halved in just over two weeks, signaling a pullback. Additionally, hawkish comments from Fed officials indicate a potential price pullback for Bitcoin. However, despite these factors, most market participants remain bullish and are betting on a price rise beyond $100,000.



Other News from Today