Prediction Markets Turn More Bearish On Bitcoin

Are traders betting on another Bitcoin capitulation? On Kalshi, one of the main American prediction markets, investors are now heavily betting on a continued decline of the world’s leading cryptocurrency. Some contracts even assign a 66% probability to a return below $55,000 by the end of the year. Between growing pessimism and conflicting signals in derivatives markets, these bets offer valuable insight into the current sentiment dominating the crypto ecosystem.

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