If it is up to bitcoin (BTC) option traders, April may be a historic month for the bitcoin price. Multiple BTC options traders are betting that bitcoin will rise above USD 80,000 by the end of April.
Data from Deribit, the largest bitcoin derivatives exchange in the world, shows that by far the largest group placed a call option at $ 80,000 on April 30. The founders of research company Glassnode report this on March 24:
However, according to data from Skew, there is only a 6.19% chance that bitcoin will actually reach this price. This is based on the recent trend of the price, which has corrected downward in recent weeks after reaching an all-time high (ATH) of $ 61,700 early this month.
Skew also reports that bitcoin may reach its best first quarter in 8 years. Historically, the second quarter of the year is the best period, especially if the first period turned out positively:
PlanB, the anonymous Dutch analyst known for the stock-to-flow (SF2) model, recently asked his followers on Twitter what they expect from the bitcoin price this year. Of the nearly 50,000 votes, only 16.1% said the price will remain below $ 100,000 in 2021.83.9% think bitcoin will be above $ 100,000 and of those, 43.9% expect it to rise above $ 288,000 by the end of the year: