Crypto Charts are Down, But Bitcoin Price Bets Surge on Polymarket

Prediction markets are seeing heavy activity on crypto price outcomes. Tens of millions in volume have been spent on Bitcoin’s January price alone, alongside high-volume contracts for Ethereum, XRP, and Solana. The concentration of capital in short-term price bets has raised concerns about crypto’s future. These rotating, binary wagers suggest the industry is being treated less as a long-term investment asset class and more as a speculative wagering venue source: https://beincrypto.com/bitcoin-price-betting-floods-polymarket/