Bitcoin is a type of digital money that people can buy and sell. Some people think it will become more valuable in the future, so they trade options on it. Options are like bets on how much Bitcoin will be worth at certain times. Lyra Finance is a place where these bets happen. They found out that some smart traders are guessing that Bitcoin could reach $70,000 by April 26th. That's a lot more than it costs now, and they think there's a good chance it will happen. Read from source...
1. The title of the article is misleading and clickbait. It implies that Bitcoin could smash records soon, but it only provides a 20% chance of reaching $70,000 by April. This is not enough evidence to support such a strong claim. A more accurate title would be "Options Market Sees 20% Chance Of $70K By April".
The sentiment of the article is bullish. The article discusses how options trading on Lyra reveals sophisticated traders' expectations for Bitcoin's price movement in the coming weeks and shows that traders are targeting $70,000 strikes. It also mentions a 20% chance of Bitcoin surpassing the $70,000 mark by the end of April according to data from Lyra Finance.