Bitcoin and Ethereum traders remain optimistic about the market trajectory, even after this week's price adjustment rattles off digital assets across the board.
Market participants have assigned a 22% chance that Ethereum will surpass $5,000 by October 31st, according to derive.xyz, an on-chain derivatives platform. Bitcoin is seen even more favorably, with traders priced 34% of the time frame over $120,000.
Meanwhile, the long-term forecast expands this bullish outlook to December.
Data from Derive shows that Ethereum has a 12% chance of over $7,000 and Bitcoin has a 26% chance of over $135,000. These predictions highlight how traders are positioning potential catalysts despite short-term turbulence.
Optimism follows the growing market volatility that has prompted Bitcoin and Ethereum to retest $110,000 and $4,000 respectively.
According to Derive, a record $1.7 billion market liquidation accelerated movement, bringing Ethereum's implicit volatility to nearly 70% on Monday. Bitcoin volatility has also increased, rising to around 30%.
Considering that BTC has traded below average volatility over the past month, he spoke to founder Nick Forster. Encryption That October could mark a turning point for the Digital Asset Treasury in preparation for more active activities.
He pointed out:
“At derive.xyz, traders are positioning for key advantages. For BTC, there will be calls around $145,000/$155,000/$170,000 with the expiration date on October 31st.
“alt hyperliquid”
Beyond Bitcoin and Ethereum, new sectors of decentralized exchanges are beginning to attract attention.
Forster highlighted the rise of what is called “Alt Hyperliquids.” This is a project designed to be a liquidity hub for permanent, forecast markets and spot trading.
One of the most prominent examples is the persistent Dex native token backed by Binance founder Changpeng Zhao. In particular, the platform was turning the daily volume of Hyperliquid for the first time on September 23rd.
This has led to a massive price rise for tokens, with Aster rising more than 2,000% from the launch to trade at a record high of $2.26. Encryption data. Additionally, the total amount of assets locked on the platform has skyrocketed to $1.79 billion based on Defillama data.
Meanwhile, Avantis (AVNT), a permanent DEX that operates on the base, has posted similar momentum, with the token doubled from $1.08 to $2.21 in recent weeks.
Forster said:
“This wave of interest indicates a new defi trend (association) indicating an increase in alternative layer 1 in the 2020-2022 cycle.”
Bitcoin Market Data
When reporting 9:56am, UTC on September 24th, 2025Bitcoin ranks number one in terms of market capitalization, and the price is under 0.55% Over the past 24 hours. Bitcoin has a market capitalization 2.24 trillion dollars 24-hour trading volume $4.912 billion. Learn more about Bitcoin›
Overview of the Crypto Market
When reporting 9:56am, UTC on September 24th, 2025Crypto market totals are evaluated by $3.89 trillion There is a 24-hour volume $1635.9 billion. Bitcoin's advantage is currently underway 57.71%. Crypto Market Details›
