Polymarket "Bitcoin (BTC) to fall below $100,000 in November" bets 52%

JH Kim

Summary

Polymarket said the probability that Bitcoin will be at or below $100,000 in November exceeded 52%.
This suggests participants are placing weight on the possibility of a slowdown in the uptrend due to macro uncertainty and increased short-term profit-taking.
Some traders also said that if ETF inflows and institutional buying persist, the $100,000 support level will remain firm.

On prediction-market platform Polymarket, the betting probability that Bitcoin (BTC) will fall below $100,000 in November exceeded a majority.

On the 3rd (local time), according to crypto-focused media WatcherGuru, Polymarket participants assessed the likelihood that Bitcoin will drop below $100,000 this month at 52%. This is about a 9 percentage-point increase from last week.

Market participants weigh the possibility that the uptrend may stall as macro uncertainty and short-term profit-taking intensify. Conversely, some traders said, "As long as exchange-traded fund (ETF) inflows and institutional buying persist, the $100,000 support level will not easily break."

Meanwhile, Polymarket is a platform that reflects market sentiment on global political, economic, and crypto events based on real-time on-chain prediction data, and the size of bets related to Bitcoin price has recently surged.

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