---
title: "Bitcoin Traders Back $80,000 as Polymarket Odds Jump to 59%"
publisher: "Share Talk"
author: "sharetalk"
published: "2026-08-22T10:26:15+00:00"
modified: "2026-08-22T10:26:15+00:00"
date: 2026-08-22
canonical: "https://www.share-talk.com/bitcoin-traders-back-80000-as-polymarket-odds-jump-to-59/"
category: "Fintech"
categories: ["Fintech", "Technology", "Technology, Media & Telecoms"]
tags: ["Bitcoin", "BTC", "cryptocurrency", "ETFs", "short squeeze"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/08/84e1d851-8703-4a91-9d56-4497e0dcb0ca.png?fit=1726%2C911&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# Bitcoin Traders Back $80,000 as Polymarket Odds Jump to 59%

**Published:** August 22, 2026
**Author:** sharetalk
**Categories:** Fintech, Technology, Technology, Media & Telecoms
**Tags:** Bitcoin, BTC, cryptocurrency, ETFs, short squeeze
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/08/84e1d851-8703-4a91-9d56-4497e0dcb0ca.png?fit=1726%2C911&quality=80&ssl=1)

---

**Polymarket traders now see a better-than-even chance that Bitcoin will reach $80,000 before the end of August**, after a powerful rally forced expectations to reprice sharply.

The prediction market puts the probability of Bitcoin touching **$80,000 at 59%**, up 57 percentage points as the** cryptocurrency** surged during the week.

**Bitcoin** was trading around **$77,000 on Friday**, more than **21% higher since the start of August** and at its strongest level since early June.

Expectations for higher levels have also increased. Polymarket gives Bitcoin a **35% chance of reaching $82,500** and an 18% probability of touching $85,000. A move to $100,000 remains considered unlikely, with odds of just 2%.

The rally accelerated after the **US Treasury announced plans to at least double buybacks of longer-dated government bonds**, helping ease pressure in bond markets and improving sentiment towards risk assets.

Institutional demand has also strengthened. **US spot Bitcoin ETFs** attracted around **$606 million of inflows on Thursday**, their strongest daily intake since May.

The broader cryptocurrency market has participated in the rally, with **Ether and Solana also advancing sharply**.

Attention now turns to the Federal Reserve’s **Jackson Hole gathering**, where signals on the interest-rate outlook could influence the next move across risk assets. Investors are also watching progress on the **CLARITY Act**, with a US Senate vote expected in September.

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**Original URL:** https://www.share-talk.com/bitcoin-traders-back-80000-as-polymarket-odds-jump-to-59/
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