Polymarket forecasts a 63% chance for Bitcoin to surpass 130,000 USD by the end of this year, with traders eyeing potential price ranges between 110,000 USD and 130,000 USD due to a growing institutional interest.
An 18% chance exists for Bitcoin to reach 200,000 USD, with 11% for 250,000 USD, while about 3% of traders speculate on it hitting 1 million USD. Future price increases may be affected by regulatory changes and market volatility.
The cryptocurrency market saw 256 million USD liquidated within 12 hours, predominantly affecting short positions. This significant liquidation reveals stress within the market as traders respond to rapid price fluctuations.
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