Prediction markets are growing more bearish on Bitcoin as prices briefly dip below $75,000, with odds of BTC falling below $65,000 in 2026 climbing to 72% on Polymarket. Large wagers suggest a sentiment reversal, erasing gains made during Trump’s election win. Michael Saylor’s Strategy sees prices fall below its average purchase cost for the first time since late 2023.

Analysts attribute the recent crypto sell-off to a broader bearish trend, with CryptoQuant indicating a bear market since November 2025. Quantum Economics CEO Mati Greenspan notes Bitcoin’s core purpose is not price rise but independence from governments and banks. Global Macro Investor founder Raoul Pal links the downturn to tight US liquidity conditions.

Grayscale Investments predicts Bitcoin could surpass all-time highs of $126,000 by June 2026, while Standard Chartered and Bernstein project a $150,000 target for the year. Polymarket faces legal issues in Nevada, with other states like Tennessee taking enforcement actions. Traders await Bitcoin’s next move as the market remains uncertain.

Read more at Cointelegraph: Bitcoin Bets On Polymarket Signal Sharp 2026 Downside Risk