Polymarket users: "61% probability that Bitcoin will fall below $100,000 by year-end"
Suehyeon Lee
Summary
- A majority of Polymarket users assessed the probability of Bitcoin falling below $100,000 by the end of this year as 61%.
- This is a decrease from 72% two days ago, and it is analyzed that the recent rebound in Bitcoin prices has affected investors' outlook.
- Previously, when Bitcoin fell below $110,000, users showed greater confidence in the possibility of dropping below $100,000.
A majority of users on the decentralized prediction platform Polymarket believe that Bitcoin (BTC) will likely drop below $100,000 by the end of this year.
According to The Block on the 27th (local time), the probability of Bitcoin falling below $100,000 on Polymarket by year-end was calculated at 61%. This figure, slightly lower than the 72% recorded two days prior on the 25th, indicates a decrease.
On the 25th, as Bitcoin fell below $110,000 for the first time in six weeks, users grew more confident about the possibility of it breaking below $100,000. However, it seems that the proportion of pessimistic bets has decreased in response to the subsequent price rebound.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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