Bitcoin (BTC) may be on track to reach its highest price point of 2025, with traders on prediction platform Polymarket giving it a 63% chance of surpassing $130,000 by year-end. The momentum is largely driven by increased institutional interest, especially following the launch and adoption of spot Bitcoin ETFs.
Data from Polymarket shows the most likely price range for BTC is between $110,000 and $130,000. Meanwhile, 18% of participants believe BTC could reach $200,000, and 11% see a possibility of hitting $250,000. A small group—about 3%—even anticipates the price could break the $1 million mark before the year ends.
Despite these bullish forecasts, notable Bitcoin critic Peter Schiff continues to argue that the asset is far from skyrocketing. His skepticism contrasts with growing optimism from other industry figures like Michael Saylor, who recently outlined a $7.2 billion Bitcoin investment strategy.
Adding to the market drama, crypto exchanges saw over $256 million in liquidations over the past 12 hours, according to Coinglass. The majority of these losses—around $200 million—came from short positions as BTC and ETH prices rose. Ethereum traders were hit the hardest, with over $22.6 million in combined liquidations. Bitcoin and Solana followed, with $5.29 million and $1.88 million, respectively. One standout event included a single $12.2 million liquidation—one of the largest on record.
While prediction markets like Polymarket aren’t guarantees, they provide a real-time look into collective market sentiment. As BTC gains momentum, especially from institutional players, all eyes remain on whether it can meet or surpass the $130,000 mark in 2025.
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