Will Bitcoin Smash $115K This May? Traders Make Bold Bets on a Breakout

Polymarket data shows 52% expect BTC to hit $110K in May, while 26% bet on $115K or higher. Crypto Fear and Greed Index hits 73, signaling high investor confidence and market greed. Bitcoin futures near $70B in open interest as $36M shorts get liquidated in 24 hours. Bitcoin is experiencing renewed interest as traders gain confidence in its possible break of the all-time high this month. Positive technical triggers, falling inflation numbers, and increasing institutional demand are driving a clear turnaround in market mood. Current activity in prediction platforms and derivatives markets shows investors are front-running more upside in the weeks ahead. Polymarket, a decentralized prediction platform, reports that 52% of users think Bitcoin will be above $115,000 this May. The other 26% anticipate the price to be over $115,000, and 13% predict the price to reach at least $90,000. These figures reflect strong bullish sentiment among participants focused solely on short-term price action. Source: Polymarket (adsbygoogle = window.adsbygoogle || []).push({}); CPI Drop Boosts Crypto and Bullish Sentiment On Tuesday, May 13, the U.S. released… The post Will Bitcoin Smash $115K This May? Traders Make Bold Bets on a Breakout appeared first on Coin Edition .

Source: Coin Edition