Myriad Moves: Traders Flip Bearish on Bitcoin, Favor Ethereum Over Gold

As the crypto market deepens its decline this week, traders on Myriad Markets are taking strong positions on what comes next — and the crowd appears to be turning against Bitcoin.

Across tightly contested prediction markets, users are betting on whether Bitcoin’s next stop is $120,000 or $100,000, if Solana can reach a new all-time high by year-end, and which will hit $5,000 first — Ethereum or Gold.

Despite the ongoing selloff, trading volumes remain high as speculators “put their money where their mouth is,” showing how uncertainty continues to fuel engagement on the platform.

Bitcoin’s Next Move: $120K or a Dip to $100K?

• Market Open: October 12
• Market Close: Open to resolution
• Volume: $149K

The largest crypto liquidation in history — wiping out $19 billion worth of leveraged positions — sent Bitcoin (BTC) tumbling below $106,000 before rebounding to around $108,673.

Predictors on Myriad are now split on its next direction: will Bitcoin climb back to $120K, or sink to $100K?

Originally inspired by a bet between crypto personalities Mando and KeyboardMonkey, this market has see-sawed multiple times in the past 24 hours. Traders briefly gave $120K a 55% chance before flipping bearish — now favoring $100K at around 54% odds.

A recent Glassnode report suggests the risk of deeper contraction if BTC remains near the lower edge of the $108,000–$117,000 range. The top cryptocurrency continues to trade cautiously as global uncertainty and trade tensions weigh on sentiment.

To hit $120K, Bitcoin would need to climb 10.5%, rewarding bullish traders with payouts near 53%. A further drop of 8% to $100K, however, would pay the bears around 46% based on current odds.

Moreover, President Trump is set to speak at 3:00 p.m. ET today, with potential ripple effects across both traditional and crypto markets.

Ethereum vs. Gold: The $5,000 Race

While Bitcoin dominates headlines, traders on Myriad are paying close attention to an unusual showdown: Ethereum vs. Gold.

As both assets hover near major psychological levels, predictors are betting which one will reach $5,000 first. Surprisingly, Ethereum has pulled ahead in recent sentiment, with traders betting on its tech momentum and institutional support over gold’s traditional stability.

The market reflects growing confidence that Ethereum’s deflationary supply and continued developer activity could push it higher — even as broader risk-off sentiment affects the rest of the crypto sector.

Solana’s All-Time High — A Long Shot or Late-Year Surprise?

• Market Open: August 6
• Market Close: December 30
• Volume: $139K

Solana (SOL) has struggled recently, falling 13% in the last week and trading at $190.50 on Thursday afternoon. Despite the pullback, many Myriad traders are still betting on a potential new all-time high by the end of 2025.

Supporters point to Solana’s strong ecosystem, increasing network adoption, and the growth of its DeFi and gaming sectors as potential catalysts. However, volatility remains high, and market bears argue the asset may continue to lag behind BTC and ETH through the rest of Q4.

Market Overview

As Myriad’s prediction markets grow more dynamic, the platform is becoming a microcosm of the broader crypto debate — reflecting real-time shifts in sentiment and positioning.

Traders remain divided, yet active, in navigating what could be one of the most uncertain chapters in crypto’s recent history.

Will Bitcoin’s slump continue? Can Ethereum outshine gold? And will Solana defy the odds with a late-year surge?

The answers, as always, are being written live — one bet at a time on Myriad Markets.

(Disclaimer: Myriad Markets is a product of Decrypt’s parent company, DASTAN.)