The psychological threshold of $100,000 for BTC is imminent, and the options market indicates that the expected price will rise rapidly
On November 21, Caroline Mauron, co-founder of crypto derivatives liquidity provider Orbit Markets, said that the huge psychological threshold of $100,000 is now in sight. She added that bets in the Bitcoin options market indicate "the market expects prices to rise rapidly." The current optimism has faded memories of the market crash in 2022, which exposed fraud and other risky behaviors in the crypto circle and led to the collapse of platforms including Sam Bankman-Fried's FTX exchange, with him also ending up behind bars. This turmoil triggered a series of tough enforcement actions by the U.S. Securities and Exchange Commission (SEC), but industry insiders expect this suppression will gradually disappear under Trump's administration. (Bloomberg)
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