Bitcoin options shows 30% chance of BTC trading above $50,000 next month
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The options market shows a glimmer of where Bitcoin could go next.
Shaurya Malwa · June 16, 2021 at 2:00 am UTC · 3 min read
Options data suggest Bitcoin has a small chance to trade above the $50,000 price level at the end of next month, data from multiple sources shows.
On Options and how they affect the market ‘Options’ are a financial instrument that derives their value from an underlying asset for a relatively small upfront investment (called a ‘premium’).
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