Prediction market traders bet bitcoin's selloff has further to run

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Prediction market traders bet bitcoin s selloff has further to run Markets now imply a 66% chance bitcoin falls below $55,000 and a coin-flip chance of sub-$50,000 prices before year-end. By Sam Reynolds | Edited by Omkar Godbole Jun 3, 2026, 6:23 a.m. 2 min read Make preferred on (Unsplash/mana5280) What to know : Prediction market traders see a strong chance chance that bitcoin falls below $55,000 this year, with meaningful odds it could drop under $40,000. Heavy outflows from U.S. bitcoin ETFs and investors’ growing preference for high-flying AI stocks are pressuring bitcoin, which has slumped toward $65,000. While traders are increasingly bearish on bitcoin’s near-term performance versus assets like gold, money is shifting into stablecoins such as USDT and USDC rather than leaving crypto altogether. Prediction market traders are increasingly wagering that bitcoin s correction is far from over, even after the cryptocurrency tumbled toward $65,000 this week amid mounting pressure from ETF outflows and weakening institutional demand.