## Market Snapshot
The market for Bitcoin being above $70,000 on May 29 is currently priced at 98% YES. Meanwhile, the likelihood of Bitcoin being above $68,000 on May 28 has seen a decrease, currently at 70% YES from 93% YES, as market participants react to the sudden price drop.
## Key Takeaways
– Recent developments suggest that the probability of Bitcoin remaining above $70,000 on May 29 is high, as reflected by the 98% YES pricing. – The market’s response indicates a decreased likelihood of Bitcoin being above $68,000 on May 28, as seen by the drop from 93% to 70% YES. – The significant liquidation of long positions appears consistent with market reassessment of Bitcoin’s short-term price trajectory.
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