Bitcoin Price Prediction Bonanza: $10M Wagered on Moonshots, $200K in Sight
2025-07-12 16:45:12
Main Idea
Prediction markets show significant betting activity on Bitcoin's price reaching high targets like $130,000 and $200,000 by July 2025, with varying confidence levels among traders.
Key Points
1. Bitcoin hit an all-time high of $118,839 on July 11, 2025, sparking increased betting activity on future price targets.
2. On Kalshi, a $1.3 million contract bets on Bitcoin reaching $150,000, with a 1% chance by August and 43% by 2026.
3. Polymarket shows higher odds for Bitcoin hitting $150,000 by July (3%) compared to Kalshi (1%), with $120,000 being the most likely target at 75%.
4. A 20% chance is given for Bitcoin reaching $130,000, while a long-shot bet of $200,000 has minimal odds.
5. Traders are highly engaged, with significant wagers placed despite uncertainty about Bitcoin's exact future price movements.
Description
As bitcoin pushes into uncharted price territory, speculators are letting their imaginations run wild—just how high can the top crypto climb? Over on prediction market Polymarket, bettors are giving it a 20% shot that BTC hits $130,000 before July wraps up. Prediction Market Bets Explode: $120K Leads, $200K Still in the Cards On July 11,
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