Bitcoin rose two days in a row to $7.15 million, with a clear recovery in market sentiment, but projected market pricing suggests that there is still no consensus among traders on the continuation of this round.

On a Thursday drive, Bitcoin reported US$ 71,556, an increase of 3.26 per cent in the daytime and between US$ 68,858 and US$ 72,408. The previous day, the single-day increase in bitcoin had reached 8.7 per cent, the strongest single-day performance in almost five months and high since the beginning of June.

Myriad, the odds are turning to 50-50.

On Myriad, a projected market operated by the parent company Decrypt Dastan, the contract around “bitcoin first to $84,000 or fell first to $55,000” remained significantly vacant a few days ago, when about 70 per cent of the bets tended to look down at $55,000.

However, as prices rebounded rapidly this week, the rate of compensation for this contract was significantly adjusted. By Wednesday afternoon, the viewing side was about 52 per cent, the view side was about 48 per cent, and it was largely back to a near-balanced state.

There are still differences in the judgement of different platforms

Other forecast market pricing has shown similar caution, but the specific direction is not entirely consistent.

  • Polymarket last week still gives the probability of touching about $55,000 a year, about 56%.
  • Probability pricing for the same platform rising to $75,000 per year is about 51 per cent
  • Kalshi, the probability of a $70 million jump in August is set at 31%.

In which Kalshi's judgment on the August price threshold has been quickly broken by the Wednesday round. Another Polymarket's August contract shows that Bitcoin's probability of breaking $75,000 this month is about 47 per cent, corresponding to a trade of about $12 million.

From these data, short-term contracts respond more quickly to price rebounds, while longer term contract adjustments are relatively limited. As more and more traders use the forecast market as a hedge tool, changes in compensation rates sometimes reflect not only directional judgement but also passive retrofitting of position.

703 US$ 000 nearby for observation

It is mentioned that one of the next concerns of the market is in the vicinity of $70,284. This area is considered to be the current drag zone. If this level is on the dayline station, the space above the price may be further opened and the next target area looks at US$ 73,245.

If $68,000 is lost again, bitcoin may return to the shock zone since June. Myriad did not expire on a fixed date, but was settled when Binance’s BTC/USDT spot price first touched $84,000 or $55,000.

So far, Myriad still has the probability of seeing the result of the increase at about 52%. Although Bitcoin rebounded significantly in two days, the attitude of traders was closer to a cautious warming rather than a general shift to optimism, as measured by the projected market pricing.