In brief
- Odds of Bitcoin and Ethereum price bumps are rising on prediction markets, even if sentiment remains bearish.
- Despite the price jumps this week, the Crypto Fear & Greed Index still says the market is in “Extreme Fear.”
- While near-term traders may be leaning bullish, they still don’t expect new all-time highs this year for BTC or ETH.
Crypto traders have become more optimistic about the near-term price movements in Bitcoin and Ethereum, prediction market data shows—but overall market sentiment is still in the gutter.
Odds on Myriad’s prediction market—which is operated by Decrypt‘s parent company, Dastan—have swung more than 20% in the last few days in favor of a “pump” to $84,000 for Bitcoin before it dumps down…
