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. 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.