Polymarket traders see little chance of a Bitcoin breakout this month

Polymarket traders are pricing bitcoin’s odds of touching $70,000 this month at 27%, while assigning a higher 40% probability to a drop to $60,000. The skew toward $60,000 suggests a cautious near-term stance rather than an upside base case.

Analysis

Polymarket traders are pricing bitcoin’s odds of touching $70,000 this month at 27%, while assigning a higher 40% probability to a drop to $60,000. The skew toward $60,000 suggests a cautious near-term stance rather than an upside base case.