Myriad Traders See Low 9% Odds of Crypto Winter Amid Bitcoin Price Rebound
The post Myriad Traders See Low 9% Odds of Crypto Winter Amid Bitcoin Price Rebound appeared on BitcoinEthereumNews.com.
In the Myriad prediction market, only 9% of respondents anticipate a crypto winter, signaling optimism amid recent price rebounds for Bitcoin above $91,500 and Ethereum near $2,990. This reflects a drop from 30% since the market’s debut, driven by improved market sentiment. Low Probability: Just 9% chance of crypto winter per Myriad traders, down from 30% in recent days. Bitcoin rebounds to over $91,500, up 6% in 24 hours, despite being 27% below its all-time high. Ethereum gains 7.3% to $2,990, with the upcoming Fusaka upgrade set to enhance layer-2 data verification; ETH down 20% monthly. Explore the latest crypto winter predictions on Myriad markets amid Bitcoin’s surge to $91,500. Discover why traders are bullish and what defines a market downturn. Stay informed on crypto trends today. What Is the Current Chance of a Crypto Winter According to Prediction Markets? The current chance of a crypto winter stands at just 9% in the Myriad prediction market, a significant decline from 30% when the market launched last Friday. This optimistic shift aligns with Bitcoin’s price stabilizing around $85,000 for much of the week before climbing above $91,500 on Tuesday, marking a 6% increase over 24 hours. Despite remaining 27% below its all-time high of over $126,000 from early October, the rebound suggests renewed investor confidence following a six-week slump. How Is a Crypto Winter Defined in Prediction Markets? In the context of the Myriad prediction market, a crypto winter is triggered if three out of four specific criteria are met: Bitcoin falling to $35,000, Ethereum dropping to $1,000, MicroStrategy stock (MSTR) declining to $50, or the total crypto market capitalization on TradingView reaching $350 billion. More broadly, a crypto winter refers to a prolonged bear market where cryptocurrency prices plummet, trading volumes decrease sharply, and investor enthusiasm wanes for months or…
