Prediction markets on Myriad show traders becoming more bearish about Bitcoin’s near-term prospects, with odds of a drop to $69,000 increasing as the asset trades around $84,000. Similarly, sentiment has flipped for Solana, with predictors now giving higher odds of a fall to $100 than a rally to $150. In political markets, President Donald Trump’s approval rating on the platform stands at 55%, contrasting sharply with traditional polling that shows majority disapproval.
Predictors on the Myriad platform are growing more pessimistic about Bitcoin hitting $100,000, according to active markets. Odds of a “dump” to $69,000 have risen, with the chance of a “pump” falling to 55% as Bitcoin trades near $84,167 after a recent decline.
The shift follows a week of market chop and a Federal Reserve decision to leave interest rates unchanged. Bitcoin now stands 33% below its all-time high and is just 18% above the $69,000 threshold targeted by bears.
Sentiment has reversed even more dramatically for Solana. Predictors now give a drop to $100 a 57% chance, a complete flip from two weeks prior when a rally to $150 had 91% odds. This bearish shift comes despite Solana ETFs seeing $6.7 million in net inflows recently.
In a perpetual sentiment market for President Donald Trump, approval stands at 55%. This contrasts with aggregated traditional polling, such as that shown by Nate Silver and the New York Times, which indicates majority disapproval.
There is no clear rationale for the divergence between crypto market sentiment and traditional polls. Some participants may be influenced by the President’s crypto-friendly policies, while others have expressed criticism following recent events.
