Bitcoin Upside Bets Tighten Ahead of June 10 Settlement
Bitcoin traders increased bullish Polymarket bets before June 10 as price weakness and multiple macro and sector headwinds kept the near-term outlook fragile.Summary
Bitcoin was trading around $62,900 as of June 3, extending a slide that left it near recent lows. According to NYDIG researchers, the weakness reflects several overlapping headwinds, including AI-driven market momentum, upcoming technology IPOs and security concerns, rather than a single catalyst. The report suggests the crypto sector may need time to stabilize after its drawdown, though some on-chain indicators may point to a possible bottom forming.
Ahead of the June 10, 2026 UTC settlement, Polymarket traders showed concentrated bullish positioning in a Bitcoin price-strike ladder contract. The $56,000 strike was priced near 99.45% Yes, while higher strikes had lower implied odds: about 90.5% Yes at $60,000, 64.5% at $62,000, 25.5% at $64,000 and 1.15% at $68,000. With total market volume near $448,270, the data showed strong confidence that Bitcoin would remain above lower strikes but thinning demand for higher price targets as settlement approached.
(Source：Blockchain News)