Myriad Moves: Bitcoin’s Odds of New All-Time High Jump by 50%

Crypto Markets Turn Bullish: Bitcoin and Solana Eye New All-Time Highs

Crypto markets have swung bullish this week, dramatically shifting the odds back in favor of new all-time high marks for Bitcoin and Solana. Prediction market users now believe Bitcoin is much more likely to hit $125,000 before falling to $105,000, especially after it topped $121,000 on Thursday.

Bitcoin’s Next Move: Moon to $125K or Dip to $105K?

– **Market Open:** July 10
– **Market Close:** Open to resolution
– **Volume:** $379K
– [See the latest odds on Myriad](#)

Bitcoin came within $872 of reaching $125,000 on August 14, pushing the odds for this market to an impressive 94% in favor of hitting $125,000. However, the initial excitement faded quickly; by August 29, the odds had plunged to 25.2% as bearish sentiment took over.

Now, with Bitcoin reclaiming the $120,000 mark on Thursday, predictors have regained their bullish streak. In the last two days, odds for Bitcoin “mooning” to $125,000 have surged by over 50%, swinging from as low as 28% to 81% as of Thursday afternoon.

Could October Be “Uptober” for Bitcoin?

Historically, October has been a strong month for Bitcoin, with BTC finishing green in nine of the last ten Octobers. This trend adds momentum to the popular “Uptober” meme, suggesting another robust month might be ahead. While macro traders rarely rely solely on calendar-based speculation, favorable factors like potential rate cuts and strong ETF inflows are creating conditions that support an upward move.

Thanks to a nearly 11% gain this week, Bitcoin sits just 2.6% off its all-time high and 3.47% away from the $125,000 milestone. Will it be enough to push Bitcoin to a new all-time high?

Will Polymarket Announce a Token This Year?

– **Market Open:** August 6
– **Market Close:** December 31
– **Volume:** $105K
– [See the latest odds on Myriad](#)

Prediction markets have garnered significant attention over the past year, emerging as one of crypto’s key consumer breakthroughs. Polymarket, one of the leading prediction market platforms, is expected to make its return to U.S. markets soon. Regulatory filings suggest the platform could reopen to U.S. residents as early as this week, four years after being banned by the CFTC.

Despite this anticipated return, there’s no clear signal that Polymarket will launch a token anytime soon. Earlier reports hinted at a potential token launch, but predictors on Myriad currently assign only a 25% chance that Polymarket will announce plans for an initial coin offering (ICO) or token generation event (TGE) in 2025. In other words, there is a 73% chance that no token-related news will surface before the end of the year.

Speculation is swirling that Polymarket might allow U.S. users to farm a hypothetical token ahead of any official announcement. However, nothing has been confirmed yet. As the year winds down, the odds of token news appear to be diminishing.

Polymarket’s U.S. launch seems imminent — but token plans might not materialize this year.

New Solana All-Time High by Year-End?

– **Market Open:** August 6
– **Market Close:** December 31
– **Volume:** $105K
– [See the latest odds on Myriad](#)

Solana currently trades at $232, about 20.6% below its all-time high of $293.31. Predictors on Myriad remain divided on whether Solana will reach a new all-time high before the year ends.

The sixth-largest crypto by market cap has outperformed many of its peers this week, gaining more than 19%, compared to Bitcoin’s 10.7% and Ethereum’s 16.9% increases. This positive momentum has impacted the all-time high prediction market, with odds now favoring “yes” at 54%, while 46% still expect no new all-time high by 2026.

These odds have fluctuated notably in recent weeks — dipping as low as 37.7% last week and peaking at 65.5% the week before. The current upswing may be bolstered by anticipated catalysts, such as the likely approval of Solana ETFs. According to Bloomberg ETF analyst Eric Balchunas, this approval is practically certain and could happen any day now.

Additional bullish factors include Forward Industries’ plans to inject another $4 billion in funding for Solana purchases, along with new digital asset treasuries like VisionSys joining the queue.

All these developments suggest that a new all-time high for Solana could be within reach.

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*Disclaimer: Myriad Markets is a product of Decrypt’s parent company, DASTAN.*
https://decrypt.co/342743/myriad-moves-bitcoin-odds-all-time-high-jump-50

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