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Bitcoin stalls near $76,500 as muted trading points to macro wait-and-see
Key takeaways
- Prediction market traders on Polymarket see BTC as likely to hold above $74,000 this week, with a 60% chance it finishes the trading week above $76,000.
- A Glassnode weekly report adds the same split: buying and selling pressure is becoming more balanced, but weaker trading activity points to a cautious market waiting for the next macro catalyst.
- Traders are not positioning for a sharp breakdown, but they are equally unconvinced that a breakout is imminent.
Prediction market traders on Polymarket see BTC as likely to hold above $74,000 this week, with a 60% chance it finishes the trading week above $76,000. In a note to CoinDesk, Singapore-based market maker Enflux wrote that the "bid is there" but no one is adding size.
A Glassnode weekly report adds the same split: buying and selling pressure is becoming more balanced, but weaker trading activity points to a cautious market waiting for the next macro catalyst.
Traders are not positioning for a sharp breakdown, but they are equally unconvinced that a breakout is imminent.
Article preview — originally published by CoinDesk. Full story at the source.
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