Polymarket "Bitcoin, 13% chance of falling below $80,000 in November"… significantly lower than last week

Suehyeon Lee

Summary

Polymarket said the betting probability that Bitcoin will fall below $80,000 in November has dropped significantly to 13%.
On the 21st previously, the possibility of that fall was 56%, but it said the betting probability has rapidly declined recently due to perceptions of a short-term bottom and a rebound.
A change in market sentiment is reflected, and investors' expectations for Bitcoin price outlook appear to have risen.

Users of the decentralized prediction platform Polymarket have significantly reduced bets that 'Bitcoin will fall below $80,000 in November'.

On the 25th (local time), according to Polymarket, users who bet that Bitcoin will fall below $80,000 within this month were recorded at 13%, and the possibility of falling below $75,000 was at one point as low as 4%.

This is in contrast to just a few days ago. As of the 21st, Polymarket showed the possibility of Bitcoin falling below $80,000 in November at 56%, reflecting market pessimism. However, due to the recent rebound and the spread of perceptions of a short-term bottom, the probability of down bets appears to have been quickly adjusted.

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