As the Probability of Bitcoin Exceeding 100k Increases, Institutional Data Says Bullish for Ethereum! - Coin Bulletin

The probability of Bitcoin (BTC) price exceeding 100,000 dollars by June 30 has increased from 20% to 30% in the last 24 hours.

The head of research at the on-chain options platform Derive.xyz, Dr. Sean Dawson, stated that in the last 24 hours, demand for Bitcoin (BTC) options has increased, and the probability of BTC exceeding 100,000 dollars by June 30 has risen from 20% to 30%.

Dawson also made an important assessment for Ethereum (ETH). He stated that the probability of ETH staying above 2,000 dollars by June 30 is currently at a "coin toss" level.

In the last 24 hours, it was stated that nearly 60% of the ETH options traded on Derive.xyz were (call) options, indicating a bullish market. Regarding Bitcoin, Dawson pointed out that 34% of the total trading volume consisted of call options, highlighting the interest in hedging against downward risks.

Alex Kuptsikevich from FxPro marks $80,000 as a critical support level for BTC. Kuptsikevich stated that the crypto market has not yet surpassed its 200-day moving average and that this level is close to $2.9 trillion.

A strong rebound above this level could trigger the market to enter a buying phase, the analyst said, but it also risked bears setting traps. Kuptsikevich stated that it is important to maintain momentum for Bitcoin to stay above this level, saying that this could stimulate repurchase interest in altcoin and meme coin markets.