BTC options market shows only a 25% probability of hitting $84,000 in May
Source:
cointelegraph.com
According to Cointelegraph, Bitcoin rebounded above $78,000 on Friday, posting a 15% gain over the past 30 days. However, the derivatives market remains cautious about further upside. Deribit data shows that the BTC call option expiring on May 29 with a strike price of $84,000 traded at 0.0136 BTC (approximately $1,063), implying only a 25% probability that Bitcoin will rise 8% to that level by the end of May.