Prediction markets are pricing in a tightening range for Bitcoin as the cryptocurrency enters the final day of the week, with the overwhelming majority of bets concentrated on four key price levels between $54,000 and $62,000. Polymarket’s binary betting platform shows the market heavily discounting the probability of Bitcoin reaching higher price thresholds, with a 100% implied probability across the $54,000 to $58,000 range, suggesting most traders believe the asset will settle within these bands by the close of business on Friday.
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