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Bitcoin Traders Flip Bearish as BTC Falls to Lowest Price in Months
Key takeaways
- Prediction market users on Myriad—the prediction market platform operated by Decrypt’s parent company, Dastan—now predict a 53% chance that Bitcoin drops to $55,000 rather than rising back towards $84,000.
- The declining confidence comes amid continued downward pressure on BTC, which has fallen more than 5% in the last 24 hours to recently trade hands at $67,312.
- Analysts previously told Decrypt that Michael Saylor’s firm selling Bitcoin could immediately flip perceptions and conviction in the top crypto asset.
Bitcoin Traders Flip Bearish as BTC Falls to Lowest Price in Months Logan Hitchcock Tue, June 2, 2026 at 10:35 PM GMT+7 2 min read BTC-USD MSTR Bitcoin traders are losing faith in the top crypto asset’s ability to jump higher in the near-term.
Prediction market users on Myriad—the prediction market platform operated by Decrypt’s parent company, Dastan—now predict a 53% chance that Bitcoin drops to $55,000 rather than rising back towards $84,000. On Monday, users penciled in a 62% chance of the upward swing.
The declining confidence comes amid continued downward pressure on BTC, which has fallen more than 5% in the last 24 hours to recently trade hands at $67,312. Bitcoin has now dropped more than 12% in the last week of trading.
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