PANews reported on August 5 that according to Decrypt, 45% of traders on the prediction market Polymarket believe that the price of Bitcoin will fall below $45,000 before September. Against the backdrop of the market crash in early European trading on Monday, this probability soared to 65%. However, it is worth mentioning that the current bets in the pool are worth less than $300,000. A few days ago, bettors on Polymarket believed that there was a 5% probability that Bitcoin would fall below $45,000 before September. Even yesterday, when the market had begun to fluctuate, the odds remained between 5% and 15%.
Amid the market crash, Polymarket data shows that the probability of the Federal Reserve announcing an emergency rate cut has surged to 50% from 23% yesterday. In addition, bettors are betting that the Federal Open Market Committee (FOMC) will announce a rate cut of more than 50 basis points at its September meeting, jumping from 9% at the beginning of the month to 65%.
