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Over 60% of users in the prediction market are betting that Bitcoin will return to $100,000, while altcoins are performing strongly against the trend: WLFI and Ethena stand out.
As Bitcoin consolidates its recent rise, some altcoins with strong development potential are rising against the trend, such as World Liberty Financial (WLFI) and Ethena. According to Gate data, Ethena has risen by 7.3% in the past 24 hours, while the rise of Bittensor and Quant is between 5% and 7%.
WLFI, related to the Trump family, has risen 36% since hitting a low of $0.11 on November 21, indicating concentrated and strong demand in an overall cautious market. Altcoins refer to a general term for non-mainstream cryptocurrencies, with definitions that change over time and market conditions. As Bitcoin stabilizes after recent fluctuations, alts show a limited recovery.
Bitcoin price has risen 5.6% from last Friday's low of $82,100, with this rebound driven by expectations of Federal Reserve policy. The Chicago Mercantile Exchange (CME) FedWatch tool shows that the probability of a rate cut in December has increased from about 30% to over 80%; Myriad market forecasts indicate that the probability of a 25 basis point cut surged from 82% to 86% in just one day.
Wenny Cai, the Chief Operating Officer of SynFutures, pointed out that capital rotation is occurring, but it is selective—only projects with strong fundamentals, high practicality, or innovative token economic models are expected to have significant upside potential. High liquidity tokens benefit from active derivatives trading, while Ethena's stablecoin-driven model and yield mechanism make it highly attractive in DeFi investments; the surge of WLFI shows that speculative capital can quickly gather around high-profile supported narratives.
Myriad prediction markets reflect market optimism, with users believing that Bitcoin has over a 60% chance of reaching $100,000, rather than dropping to $69,000. (Decrypt)