via CoinDesk · By CoinDesk Staff
Prediction market traders bet bitcoin's selloff has further to run
BTC/USDT
$19,553,183,500.30
$64,730.15 / $61,938.00
Change: $2,792.15 (4.51%)
+0.0012%
Longs pay
Markets now imply a 66% chance bitcoin falls below $55,000 and a coin-flip chance of sub-$50,000 prices before year-end.
Prediction market traders are increasingly wagering that bitcoin's correction is far from over, even after the cryptocurrency tumbled toward $65,000 this week amid mounting pressure from ETF outflows and weakening institutional demand.
On Kalshi, traders currently assign a 66%…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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