Major Bets and Market Sentiment on Polymarket

Bets on Polymarket have strengthened the likelihood of Bitcoin falling below $65,000. With roughly $1 million in volume, predictions for BTC dropping below $55,000 and hitting $100,000 by year-end implied probabilities of 61% and 54%, respectively. This signals a reversal in overall market sentiment, erasing gains made after Trump’s election victory.

Institutional Views and Forecasts

Raoul Pal, founder of Global Macro Investor, attributed the decline to US liquidity issues rather than crypto-specific factors. Bitcoin falling under $65,000 contradicts forecasts from major investment firms like Grayscale, Standard Chartered, and Bernstein. Last year, Grayscale projected BTC could exceed $126,000 by June 2026, citing institutional demand and clearer US regulations. Standard Chartered and Bernstein revised earlier high targets due to slowing ETF inflows but still expect BTC to reach $150,000 in 2026.

Polymarket Legal Situation

This news comes as Polymarket faces a court ruling in Nevada blocking its event contracts as unlicensed gambling. Other states, including Tennessee, have recently targeted the platform with enforcement actions.

Analysts’ Take: “Too Early to Hunt for the Bottom”

This market turbulence is not limited to technical indicators. Some analysts link the recent crypto sell-off to a broader bearish trend. CryptoQuant highlighted that Bitcoin has been in a bear market since November 2025, falling below its 365-day moving average. Julio Moreno said, “Don’t try to find bottoms after a new leg down. Bear market bottoms take months to form.” Quantum Economics CEO Mati Greenspan added that Bitcoin was not designed for price appreciation; its main use is to provide a form of money independent of governments and banks.

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The post Bitcoin Odds of Falling Below $65K Surge to 72% appeared first on Coin Engineer.

At the Bitcoin 2025 event, closely followed by the crypto community, the Trump family delivered strong messages. Donald Trump Jr. continued the discussion: 

“Yesterday’s announcement was a commitment of $2.5 billion in BTC reserves by Truth Social and Trump Media & Technology Group (TMTG). Our crypto trio includes global freedom, the USD1, and the DeFi platform we built. We’ve been in crypto for a long time.” 

Eric Trump emphasized the global demand for Bitcoin and how many companies struggle to acquire it due to limited supply. 

“Everyone wants BTC. Everyone is buying Bitcoin.” 

During the session, Prusak also stated: 

“We are looking for ways to accumulate as much BTC as possible, as quickly as possible.” He added that they are stockpiling satoshis gained from mining operations and will continue this strategy to grow reserves. 

Mike Ho described mining as the primary way to accumulate Bitcoin at a lower cost for shareholders. 

“Stock volatility becomes an advantage here. Volatility is usually seen as negative, but for us, it helps us capture low-cost conversions to accelerate Bitcoin accumulation.” 

Big Bitcoin Target: $170,000 by 2026 

Speakers also shared clear predictions for Bitcoin’s future. Eric Trump predicted BTC would exceed $170,000 by the end of 2026. Donald Trump Jr. forecasted a price range between $150,000 and $175,000 within the same period. 

Donald Trump Jr. also revealed that Trump Media Group plans to raise up to $3 billion for investments in BTC and other cryptocurrencies. This fund will consist of $2 billion in new capital and $1 billion in convertible bonds. 

The Trump administration continues to maintain its positive stance toward cryptocurrencies. Vice President JD Vance emphasized the need for regulatory clarity to ensure the crypto industry remains in the U.S. He also noted that the crypto sector played a significant role in Trump’s previous election victory. 

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The post Bold Bitcoin Prediction from the Trump Family at Bitcoin Conference  appeared first on Coin Engineer.