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    Bitcoin Bets On Polymarket Sign Sharp 2026 Draw back Threat

    Naveed AhmadBy No Comments3 Mins Read
    Bitcoin Bets On Polymarket Sign Sharp 2026 Draw back Threat


    Prediction markets have turned extra bearish on Bitcoin, after a weekend sell-off briefly pushed costs under $75,000 on Monday.

    On Polymarket, the percentages of Bitcoin (BTC) falling under $65,000 in 2026 climbed to 72% on Monday, with virtually $1 million in quantity.

    Different massive wagers included bets on BTC dropping under $55,000 and reclaiming $100,000 by year-end, with implied possibilities of 61% and 54%, respectively.

    The surge in draw back bets alerts a sentiment reversal. The market has erased good points made throughout President Donald Trump’s November 2024 election win.

    The decline additionally marked a notable second for Michael Saylor’s Technique, the world’s largest publicly listed Bitcoin holder, as costs fell under its common buy price for the primary time since late 2023.

    Bear market, US liquidity squeeze cited as merchants seek for causes behind sell-off

    Some analysts have attributed the most recent crypto sell-off to a broader bearish Bitcoin development. CryptoQuant reiterated {that a} bear market has been in place since November 2025, when Bitcoin fell under its 365-day shifting common.

    “Do not attempt to discover bottoms after a brand new leg down,” CryptoQuant head of analysis, Julio Moreno, said in an X submit on Saturday, including: “Bear market bottoms take months to kind.”

    Odds that BTC will drop under $65K had been up 13% on the time of writing. Supply: Polymarket

    Quantum Economics CEO Mati Greenspan stated Bitcoin was not designed to rise in worth, calling {that a} secondary impact reasonably than its core objective.

    “Its principal use case is to offer a type of cash that’s impartial of governments and banks,” Greenspan wrote on X on Monday.

    Supply: Mati Greenspan

    Individually, International Macro Investor founder Raoul Pal linked the downturn to tight US liquidity situations reasonably than crypto-specific components.

    A possible drop of Bitcoin under $65,000 this 12 months may run counter to forecasts from main funding corporations and banks.

    Late final 12 months, Grayscale Investments predicted Bitcoin may surpass all-time highs of $126,000 by June 2026, citing institutional demand and clearer US regulation.

    Associated: Bitcoin’s worth could have seen ‘deepest pullback’ at $77K: Analyst

    Customary Chartered and Bernstein projected Bitcoin would attain $150,000 in 2026, though each had revised earlier, larger targets amid slower inflows into exchange-traded funds (ETFs).

    The information got here amid Polymarket facing a Nevada court docket order blocking its occasion contracts as unlicensed wagering. Different states, together with Tennessee, have additionally just lately focused the platform with enforcement actions.