Bitcoin Price Prediction: Traders Bet on BTC Breaking $140,000 by End of September

As the price of Bitcoin continues to reach new highs, traders are placing bets in the Bitcoin options market, predicting it will break through $140,000 by the end of September. According to data from the cryptocurrency derivatives trading exchange Deribit, the trading volume for the $140,000 call options expiring in September has already exceeded $868 million. These call options are contracts that bet on the price of Bitcoin exceeding the specified strike price (i.e., $140,000).

Bitcoin bullish sentiment rises again

This strong bullish sentiment shows the market's confidence in the sustained rise of Bitcoin, especially after Bitcoin successfully set a new all-time high. As early as the beginning of July, many analysts in the market had predicted that Bitcoin was likely to experience a significant rise.

Bitcoin Price Prediction

Markus Thielen, CEO of 10x Research, previously predicted that Bitcoin could reach $116,000 in July (which has now been achieved), while Bitwise analysts are even more optimistic, expecting Bitcoin to rise to $136,000.

In addition, the short-term options data also indicates that the market has a very strong bullish expectation for Bitcoin. Traders are betting that Bitcoin will break through $120,000 by the end of July, further validating the market's confidence in Bitcoin's future rise.

Industry expert Roshan Roberts stated: "July will test the market, but Bitcoin seems to be ready for it." He believes that more and more large funds are starting to use Bitcoin as a macro hedging tool, while the failure of other altcoins to show significant rebounds has also enhanced Bitcoin's attractiveness.

The boosting effect of capital inflows and corporate holdings

CEX.IO's chief analyst Illia Otychenko earlier predicted that approximately $64 billion will flow from altcoins into the Bitcoin market this quarter. In the past 30 days, at least 21 companies have announced plans to invest about $3.5 billion into their Bitcoin reserves, which will undoubtedly provide ongoing buying pressure for Bitcoin's price.

Interest rate cut expectations stimulate Bitcoin rise

In addition, traders also expect that the Federal Reserve will cut interest rates by the end of this quarter. According to CME's FedWatch tool, the market estimates the probability of a Fed rate cut at 63%. A decrease in interest rates typically benefits investments in risk assets, and cryptocurrencies like Bitcoin usually benefit from this.

Bitcoin price expectations

Considering the above factors, the market generally expects that the price of Bitcoin will continue to rise, especially given the interest and capital inflow from enterprises towards Bitcoin, as well as the changes in market sentiment brought about by the decline in interest rates.