Polymarket (crypto prediction market) Odds for Bitcoin Hitting $90K in February Drop to 14%
According to Polymarket (crypto prediction market), traders now price a 14% chance that Bitcoin (BTC) reaches $90,000 in February, indicating weaker market-implied expectations on the platform.
BTC
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Terms & Concepts
Prediction market: A trading venue where users buy and sell event contracts whose prices reflect crowd-implied probabilities.
Implied probability: A probability inferred from market prices of event contracts, updated as traders transact.
BTC: The ticker symbol for Bitcoin used by exchanges and data services.