Bitcoin Price Prediction: Polymarket Bets 27% Chance Of $85K Drop As Shorts Get Squeezed
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Bitcoin is currently priced at $89,463, remaining within the range defined by the 20-day EMA at $91,241 and the ascending channel support around $88,000. Polymarket predicts a 27% chance BTC will decline to $85,000 before the end of January, while 85.33 million in shorts have been liquidated, indicating bearish positioning may be crowded, setting up potential for a counter-trend move.
Predictions Markets
See what traders are focused on
- Bitcoin holds at $89,463 as price compresses between the 20-day EMA at $91,241 and the ascending channel support near $88,000.
- Polymarket prediction odds show 27% chance BTC hits $85,000 before month end, while only 4% odds exist for a rally to $100,000.
- Short liquidations dominate at $85.33 million over 24 hours, suggesting bearish positioning may be getting crowded.
Bitcoin price today trades near $89,463 as the market consolidates within a narrowing range. Prediction markets reflect elevated downside expectations, but derivatives data shows shorts getting squeezed, creating a potential setup for a counter-trend move.
Polymarket Bets On Downside
Prediction markets reveal bearish positioning among traders. Polymarket data shows a 27% probability that BTC drops to $85,000 before January ends, down from 44% earlier …
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