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Bitcoin rallies sharply as prediction-market odds flip to a coin toss
Despite the near-term optimism, longer-dated prediction bets still imply downside risk, leaving traders split on whether the move can last.
Bitcoin has staged its sharpest rally in about five months, moving sentiment in prediction markets away from a bearish outlook, according to Decrypt.
The latest shift flipped odds to roughly a coin toss for what happens next, signaling that near-term traders are no longer unanimously betting on a downturn.
However, Decrypt notes that longer-term prediction market positions continue to reflect expectations of a crash, indicating a divergence between short-horizon momentum and longer-horizon risk assessment.
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