Bitcoin Selloff Expected to Deepen: Prediction Market Traders Bet on Further BTC Decline

Prediction market traders are increasingly betting that Bitcoin's recent selloff has further to run, signaling bearish sentiment for the leading cryptocurrency. Data from decentralized prediction platforms shows a rise in contracts predicting lower BTC prices in the coming weeks. This trend suggests market participants anticipate continued downward pressure on Bitcoin, potentially driven by macroeconomic factors, regulatory concerns, or profit-taking after recent highs. The shift in prediction market activity highlights growing uncertainty among traders about Bitcoin's short-term trajectory, with many positioning for additional losses. As BTC struggles to hold key support levels, the outlook remains cautious, with traders closely watching for signs of a deeper correction or potential reversal catalysts.