A crypto analyst predicts that Bitcoin won’t linger long around the $100,000 level now that the “psychological” barrier has been broken, as the moment will gain widespread attention.
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The likelihood of Bitcoin surpassing $100,000 has risen to 45%, despite its recent pullback, according to recent onchain data.
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Almost $180 million in short positions in Bitcoin have been wiped as it hit a new all-time high, with an analyst saying it is “meaningful” that it is driven by spot demand.
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Crypto analysts suggest a Trump victory could give the crypto market a “dopamine hit,” but with considerable volatility already priced in, traders should remain cautious.
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ETH options analysts say the “relatively small number” of Ether calls bought suggests that the altcoin’s price gains may be limited in the near term.
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Traders appear less confident in Ether’s ability to “weather” the upcoming macroeconomic events compared to Bitcoin, according to a crypto analyst.
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A crypto analyst notes that while spot Ether ETFs have gained “Wall Street attention,” they now compete directly with tech stocks, which are delivering “better revenue and multiples.”
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