Polymarket odds of Bitcoin under $55K at 72% as BTC market cap dives

Bitcoin market cap drops to $1.31 trillion

Bitcoin’s market cap dropped to $1.31 trillion, slipping to 15th globally as prices dip below $65,000.

Polymarket odds climb to 72% for Bitcoin falling below $55,000

The odds of Bitcoin (BTCUSD) falling below $55,000 climbed to 72% on Polymarket, with approximately $1.2 million in trading volume.

Bearish sentiment intensifies on prediction platform

Traders on Polymarket are increasing bearish bets, reflecting growing market sentiment that Bitcoin may drop below $55,000. Other bearish positions at lower price targets, such as $50,000, also saw activity with odds at 61% on $170,000 in volume.

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• Polymarket odds of Bitcoin under $55K at 72% as BTC market cap dives
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• Polymarket odds of Bitcoin $55K floor at 72% as BTC market cap dives
• Polymarket odds of Bitcoin $55K floor at 72% as BTC market cap dives
• Bitcoin’s market cap dropped to $1.31 trillion, slipping to 15th globally as prices dipped below $65,000