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Bitcoin Volatility Rises — Traders Bet on a Rally to $145,000 in October
BTC and Ethereum traders remain optimistic about the market’s trajectory despite corrective moves this week that affected digital assets overall, CryptoSlate reports.
According to derivatives platform Derive.xyz, market participants assign a 22% probability that Ethereum will surpass $5,000 by October 31. For Bitcoin, expectations are even higher: traders price in a 34% chance of climbing above $120,000 within the same timeframe.
Longer-term forecasts retain a bullish bias into December.
Derive estimates show a 12% chance for Ethereum to break above $7,000 and a 26% probability for Bitcoin to rise beyond $135,000. These figures highlight how traders are positioning around potential catalysts despite short-term turbulence.
Optimism followed a spike in volatility, during which Bitcoin and Ether retested the $110,000 and $4,000 levels, respectively.
Derive data shows record liquidations of $1.7 billion accelerated the move, pushing Ethereum’s implied volatility from 57% to nearly 70% on Monday. Bitcoin’s volatility also rose, reaching around 30%.
Given that BTC traded below-average volatility last month, Derive founder Nick Forster told CryptoSlate that October could be a turning point as digital asset treasuries prepare for more aggressive activity.
“Traders are gearing up for significant upside. For BTC — a large cluster of call options at $145,000 and further out at $155,000/$170,000 expiring October 31. For ETH, traders anticipate a gain of more than 10%, concentrating at $5,000/$5,200 strikes,” Forster noted.
At the time of writing, Bitcoin was trading at $113,000, after previously marking a 2-week low at $111,450.
See also: "Artificial Intelligence Forecasts Bitcoin Price for October 1"
