Bitcoin Holds $64K While Polymarket Cuts Odds

Bitcoin is holding strong above the $64,000 mark after shaking off some choppy trading this week. Prices swung between $63,900 and $64,706 before settling in. Traders betting against the market took a big hit as the steady price action caught short sellers off guard.

Those modest gains triggered heavy losses across the board. Out of $216 million in total crypto market liquidations, short sellers accounted for $148 million. When prices refused to drop below the key $64,000 baseline, bearish traders were forced to close their positions in a hurry.

At the same time, prediction markets are shifting their tune. Polymarket recently dropped the odds for the CLARITY act down to 15 percent, dampening hopes for near term regulatory shifts. Traders should watch to see if Bitcoin can maintain this $64,000 support level or if increased volatility will push prices back down.