Bitcoin's drop to just over $90,000 has triggered a rapid adjustment in prediction market sentiment, with traders shifting from betting on a rise to anticipating a deeper structural fall. Polymarket's odds currently lean towards further decline, reflecting the market's surprise at the ongoing weeks of dumping that have erased much of Bitcoin's gains this year. QCP noted that even professional traders did not expect the weekly Closing Price to fall below $100,000, calling it a cyclical turning point. On-chain data shows oversold momentum and capitulation pressure, but CryptoQuant believes that a true bottom requires realized losses, which have not yet occurred. Bitcoin fell 2% to around $92,500, while Ether dropped 2% to slightly above $3,000.