Bitcoin, Ethereum Traders Grow Even More Bearish as Prices Fall After Fed Decision
Decrypt·
60-second summary
Traders on prediction markets are growing increasingly bearish on Bitcoin and Ethereum, anticipating a continued decline in prices after the recent Fed decision. The majority of traders expect neither asset to reach its next major price target, indicating a high likelihood of further price drops. This sentiment suggests a prolonged bear market for cryptocurrencies.
Prediction market traders don't see Bitcoin or Ethereum making their next big moves to higher price targets.