Bitcoin Stalls Near $92K: Polymarket Odds for $100K Plunge to Just 21%

Bitcoin's march toward six figures hits a wall. The benchmark cryptocurrency is clinging to the $92,000 level, while prediction markets turn bearish on a near-term breakout.

The $100K Dream Fades Fast

Polymarket traders are slashing their bets. Odds of Bitcoin hitting the coveted $100,000 mark have tumbled to a mere 21%. That's a dramatic vote of no confidence from the crowd-funded crystal ball, suggesting the market sees more consolidation—or pain—ahead.

Stuck in Neutral

The price action tells the story: sideways chop. After a furious rally, momentum has evaporated. The market's taking a breath, or perhaps bracing for impact. Whales aren't buying the dip with the same fervor, and retail sentiment is cooling faster than a forgotten mining rig.

It's a classic crypto standoff. Bulls point to the macro tailwinds and institutional adoption. Bears see an overbought asset ripe for a correction. The truth, as always, is probably messier—and more expensive for those on the wrong side of the trade.

Remember, in traditional finance, a 21% chance is what they call "speculative." In crypto, we call it Tuesday. The only certainty? Volatility isn't going anywhere. Buckle up.