Polymarket Opens Bitcoin Deposits as Traders Bet on New BTC Highs

Prediction platform Polymarket has expanded its funding options, allowing users to deposit Bitcoin directly — a move that comes as BTC trades near record-breaking levels. Polymarket announced the update with a minimalist post on X:

“Bitcoin deposits. Now live.”

This move comes at a time when Bitcoin recently smashed through a new all-time high above $126,000, sparking a surge of trading activity across major crypto venues.

On Polymarket, one of the most popular live contracts asks: “What price will Bitcoin hit in October?” Current odds show traders leaning toward a $130,000 peak before Nov. 1, suggesting bullish sentiment remains high despite market volatility.

Historically, Q4 has been Bitcoin’s strongest season. According to CoinGlass, BTC has averaged a 79% quarterly increase since 2013 — a trend many traders are banking on again this year.

Major financial institutions share that optimism. Analysts at JPMorgan and Standard Chartered forecast that Bitcoin could finish 2025 trading between $165,000 and $200,000, driven by ETF inflows and reduced exchange supply.

As of Tuesday, Bitcoin was trading around $124,115, marking a nearly 10% weekly gain, according to The Block’s price page. Before this update, Polymarket users could fund their accounts using assets across Ethereum, Polygon, Base, Arbitrum, and Solana, including USDC, USDT, DAI, and ETH.

Now, by adding native Bitcoin deposits, Polymarket broadens its reach to a wider class of crypto holders — many of whom previously had to bridge assets or swap through intermediaries to participate. Correct outcome shares continue to pay out $1.00 in USDC upon resolution, and users can still withdraw either native USDC or USDC.e, per the platform’s documentation.

Polymarket’s timing couldn’t be sharper. As Bitcoin flirts with all-time highs, the integration of BTC deposits positions the platform at the intersection of two surging trends: speculative prediction markets and renewed Bitcoin enthusiasm.

With traders now able to fund their bets directly in Bitcoin, Polymarket seems poised to capture the next wave of crypto-native speculation — where data, sentiment, and digital gold collide.