Summary
- Polymarket traders said Bitcoin is projected to have a 52% probability of falling below $100,000 this month.
- They said this figure reflects increased price volatility and concerns over a major support breakdown.
- They reported that Bitcoin was trading at $106,481.61, down 1.55% on the day.
Decentralized prediction market platform Polymarket traders reported that Bitcoin (BTC) is seen as having a 52% probability of falling below $100,000 this month.
On the 18th (local time), Polymarket data cited by Cointelegraph showed that, as Bitcoin price volatility recently widened, the probability of falling below $100,000 this month exceeded a majority for the first time, recording 52%.
This is interpreted as reflecting market unease following President Trump's announcement of a 100% tariff on China and concerns over the collapse of major support levels. Meanwhile, Bitcoin was trading at $106,481.61, down 1.55% from the previous day, according to CoinMarketCap.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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