Bitcoin touched its lowest price in 21 months early Thursday—and prediction market users don't see the crypto carnage ceasing imminently.
In brief
Prediction market traders think Bitcoin and Ethereum are headed even lower as markets sell off.
Traders now strongly favor dumps to $55,000 for BTC and $1,500 for ETH before any rebounds.
The market's near-term fate may hinge on the performance of STRC, the preferred equity offering from Bitcoin behemoth, Strategy, according to one analyst.
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