Bitcoin speculators are positioning for a cramped, choppy August, with prediction market Polymarket pricing a strong chance of a move to $65,000 but almost no prospect of a fresh record.
The "What price will Bitcoin hit in August?" market gives the cryptocurrency roughly a 59% chance of touching $65,000 at some point during the month.
Traders put the odds of a run to $67,500 at 25%, falling to just 10% for $70,000 and 2% for $75,000.
The market had drawn more than $24 million in trading volume, making it one of the busier crypto contracts on the platform.
Bitcoin was changing hands near $62,900 as the odds were captured, and traded around $63,050 on 14 August, down about 1.3% on the day.
