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.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

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

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Following the investment news, BNB rebounded strongly from the $507 support level, climbing up to the downward Fair Value Gap (FVG) zone. However, it has currently faced rejection from this resistance area. If the price manages to hold above this resistance zone, the first target will be the $630 level. Breaking above this level could bring the upper resistance of the rising trendline into focus.

On the other hand, if another rejection occurs from the resistance and selling pressure increases, a break below the $507 support level could lead to a further pullback towards $470.

With the MGX investment, Binance’s strengthened position may support positive price action in BNB over the medium to long term. However, it is crucial for investors to closely monitor price movements at these key levels.

In conclusion, closing above $630 could lead to further upside potential, while a drop below $507 may trigger a new bearish wave.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post BNB Rises on Binance Investment News: What’s the Next Target? appeared first on Coin Engineer.