Bitcoin Price Bets Flood Polymarket as Crypto Behavior Shifts
Prediction markets are seeing heavy activity on crypto price outcomes. Tens of millions in volume have been spent on Bitcoin’s January price alone, alongside high-volume contracts for Ethereum, XRP, and Solana.
The concentration of capital in short-term price bets has raised concerns about crypto’s future. These rotating, binary wagers suggest the industry is being treated less as a long-term investment asset class and more as a speculative wagering venue.
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Polymarket Users Bet on Crypto Prices
Crypto prediction polls are gaining traction on Polymarket. One contract, which will remain active through the end of the week, has already recorded nearly $67 million in trading volume tied to Bitcoin’s price by the end of…
