Summary
- Polymarket reported that Bitcoin has a probability in the high-70% range of falling below $90,000 in November.
- Participants said they are reflecting the possibility of further short-term adjustments against the backdrop of the recent Bitcoin price decline, liquidation pressure, and reduced liquidity.
- TraderT said that despite this situation, the market bottom is near.
On the decentralized prediction market platform Polymarket, the probability that Bitcoin will fall below $90,000 in November was measured in the high-70% range.
On the 17th (local time), according to TraderT and Polymarket data, participants in the contract 'Will Bitcoin fall below $90,000 by the end of November?' are reflecting a probability in the high-77% range and are giving weight to the possibility of additional short-term adjustments.
This is interpreted as due to Bitcoin recently being pushed down into the low $90,000 range, along with ongoing liquidation pressure and reduced liquidity. However, TraderT added the view that 'the market bottom is near.'
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
