Traders put the chance of a ‘crypto winter’ at 7%
Myriad bettors put the chance of a new crypto winter at 6.9%.
Traders are sceptical that a prolonged slump is imminent in crypto. On prediction market Myriad, the odds stand at 6.9%.
Myriad deems a protracted downtrend to have begun if three of four conditions are met:
- Bitcoin falls to $35,000;
- Ethereum trades at $1,000;
- Strategy shares hit $50;
- total market capitalisation drops to $350bn.
The previous deep freeze lasted from late 2021 to 2023. It was triggered by the bursting of the…
