Core Insights - The cryptocurrency market is experiencing volatility, with significant trading activity on Myriad as users speculate on Bitcoin's price direction and other cryptocurrencies like Solana and Ethereum [1] Group 1: Bitcoin Market Analysis - Bitcoin's price fluctuated significantly, dropping below $106,000 before rebounding to around $108,673, with predictors debating whether it will reach $120,000 or dip to $100,000 [2][4] - The largest crypto liquidation event resulted in $19 billion in positions being wiped out, contributing to Bitcoin's price drop [2] - Predictors on Myriad have shown uncertainty, with odds shifting from a 55% chance of reaching $120,000 to a 54% favoring a drop to $100,000 [3] Group 2: Market Sentiment and Predictions - A report from Glassnode suggests that Bitcoin could face a deeper contraction if it remains in the $108,000-$117,000 range, indicating potential market instability [4] - Bitcoin would need to increase by approximately 10.5% to reach $120,000, while an 8% further correction would favor bearish predictors [4] - President Trump's upcoming speech is anticipated to have an impact on both crypto and broader markets, adding to the uncertainty [5] Group 3: Solana Performance - Solana has underperformed compared to major crypto peers, experiencing a decline of over 13% in the past week, currently trading at $190.50 [6] - Predictors on Myriad are losing confidence in Solana's chances of reaching a new all-time high by year-end, reflecting a bearish sentiment [6]