[3rd Party Analysis]
[Orbit Trade Idea] What are the Odds of BTC Hitting a New High?
Bitcoin has retraced from its all-time high of 73k reached in March. The question on everyone's mind now: What are the odds of BTC revisiting and surpassing this ATH in the next 3 months?
The option market is currently pricing a 17.5% probability of BTC reclaiming the 73k in 3 month time. For those confident in this scenario, a binary option offers attractive risk-reward.
1. Basic Binary Option:
Notional: $1 million USD
Maturity: 3 months
Spot Reference: 57500
Strike: 73k
Premium: $175k USD
Payoff: If BTC >= 73k at maturity, you receive $1 million USD (5.7x return); Else, you receive zero.
2. Binary Option with Knock-Out Barrier:
If you anticipate BTC will reach a new high but not go too far, you can further cheapen the cost of this trade by adding a knock-out barrier at 90k. Here is how it works:
Notional: $1 million USD
Maturity: 3 months
Spot Reference: 57500
Strike: 73k
Knock-Out Barrier: 90k
Premium: $100k USD
Payoff: If BTC >= 73k at maturity AND it never breaches 90k at any point, you receive $1 million USD (10x return); Else, you receive zero.
(Not investment advice)
[Orbit Trade Idea] What are the Odds of BTC Hitting a New High?
Bitcoin has retraced from its all-time high of 73k reached in March. The question on everyone's mind now: What are the odds of BTC revisiting and surpassing this ATH in the next 3 months?
The option market is currently pricing a 17.5% probability of BTC reclaiming the 73k in 3 month time. For those confident in this scenario, a binary option offers attractive risk-reward.
1. Basic Binary Option:
Notional: $1 million USD
Maturity: 3 months
Spot Reference: 57500
Strike: 73k
Premium: $175k USD
Payoff: If BTC >= 73k at maturity, you receive $1 million USD (5.7x return); Else, you receive zero.
2. Binary Option with Knock-Out Barrier:
If you anticipate BTC will reach a new high but not go too far, you can further cheapen the cost of this trade by adding a knock-out barrier at 90k. Here is how it works:
Notional: $1 million USD
Maturity: 3 months
Spot Reference: 57500
Strike: 73k
Knock-Out Barrier: 90k
Premium: $100k USD
Payoff: If BTC >= 73k at maturity AND it never breaches 90k at any point, you receive $1 million USD (10x return); Else, you receive zero.
(Not investment advice)
We bring you real-time insights into the inflows & outflows of all Bitcoin ETFs, complemented by Greyscale’s on-chain monitoring
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🎉 New Spot Listing : ORIP/USDT
🥳 BIT BRC20 trading is online
👨🏫 What is ORIP?
ORIP is a BRC20 token deployed and inscribed on the Bitcoin blockchain.
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👉http://bit.com/download
🥳 BIT BRC20 trading is online
👨🏫 What is ORIP?
ORIP is a BRC20 token deployed and inscribed on the Bitcoin blockchain.
📲 Go to BIT App now and start trading
👉http://bit.com/download
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🎉 New Spot Listing : GROK/USDT
🥳 BIT BRC20 trading is online
👨🏫 What is GROK?
The first Grok token on the entire chain was deployed on April 26, 2023. The total supply is 21,000,042, with a single mint quantity of 421. Both the token name and the token data are closely related to Elon Musk's Grok platform, making it the strongest international consensus IP on the BRC20 standard, with infinite potential
📲 Go to BIT App now and start trading
👉http://bit.com/download
🥳 BIT BRC20 trading is online
👨🏫 What is GROK?
The first Grok token on the entire chain was deployed on April 26, 2023. The total supply is 21,000,042, with a single mint quantity of 421. Both the token name and the token data are closely related to Elon Musk's Grok platform, making it the strongest international consensus IP on the BRC20 standard, with infinite potential
📲 Go to BIT App now and start trading
👉http://bit.com/download
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