finance
Polymarket shows 75 percent chance Bitcoin falls to $70,000 before rising to $90,000
A prediction market platform recorded a 75 percent probability that Bitcoin will reach $70,000 before climbing to $90,000. The figures come from trading activity on Polymarket.
May 23, 11:21 AM·1m read1 source
BI
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Trading on Polymarket currently assigns a 75 percent probability that Bitcoin will touch $70,000 before it reaches $90,000. The same market reflects a 25 percent chance that the price will hit $90,000 without first dropping to $70,000.
Prediction markets aggregate user wagers into percentage probabilities for specific price levels. Polymarket publishes these figures in real time based on the volume and direction of bets. The platform did not release additional data on trading volume or the number of participants in this contract. No statements from Bitcoin exchanges or regulatory agencies were included in the report.
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