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Traders betting on Bitcoin’s surge to the $100,000 mark have been liquidated on the market prediction platform Polymarket. 
Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) rallied to an all-time high of $99,655 on Nov. 22, increasing the chances of <a href="https://crypto.news/bitcoin-broke-97k-with-83-odds-of-reaching-100k-this-month/" target="_blank">breaking</a> the $100,000 barrier to 91%, according to a poll on Polymarket.&nbsp; 
However, the flagship cryptocurrency soon started to face correction and even touched a local low of $90,800 on Nov. 27. The asset closed November close to the $98,000 mark. 
Consequently, one trader, known as TomApproves on Polymarket, <a href="https://polymarket.com/event/will-bitcoin-hit-100k-in-november" target="_blank" rel="nofollow">placed</a> a $114,000 bet on Bitcoin reaching $100,000 in November. Another anonymous gambler lost almost $56,000 on the same bet as the digital gold retraced. 
The total trading volume of the poll reached $28.5 million, per data from Polymarket. 
 You might also like: <a rel="" href="https://crypto.news/michael-saylor-presenting-bitcoin-to-microsoft-board/"> Michael Saylor to Microsoft: buy Bitcoin makes more sense than your own stock </a> 
<h2 class="wp-block-heading" id="90k-or-100k-bitcoin-next">$90k or $100k Bitcoin next?</h2> 
Data from the market predictions platform shows traders still hope for Bitcoin to reach $100,000 before 2025. According to a poll on <a href="https://crypto.news/what-is-polymarket/" target="_blank">Polymarket</a>, there’s a 40% chance that the BTC price would <a href="https://polymarket.com/event/will-bitcoin-hit-90k-or-100k-first?tid=1733117073891" target="_blank" rel="nofollow">fall</a> to the $90,000 zone again. 
Another poll with nearly $14 million in trading volume shows that the odds of Bitcoin breaching $100,000 this month increased from 19% to 71% over the last 30 days.&nbsp; 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="988" height="570" src="https://crypto.news/app/uploads/2024/12/Screenshot-2024-12-02-103036.png" alt="Unlucky gamblers lost big on the $100k Bitcoin bet - 21" class="wp-image-14315323">
 <figcaption class="wp-element-caption">
 Chances of BTC reaching $100,000 | Source: <a href="https://polymarket.com/event/will-bitcoin-hit-100k-in-2024" target="_blank" rel="nofollow">Polymarket</a>
 </figcaption>
</figure> 
Bitcoin surged to $98,150 early Monday and is trading at $96,700 at the time of writing. Its daily trading volume increased by 32%, reaching $42.4 billion. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1162" height="681" src="https://crypto.news/app/uploads/2024/12/BTCUSDT_2024-12-02_09-59-11.png" alt="Unlucky gamblers lost big on the $100k Bitcoin bet - 22" class="wp-image-14315324">
 <figcaption class="wp-element-caption">
 BTC price | Source: <a href="https://crypto.news/price/bitcoin/" target="_blank">crypto.news</a>
 </figcaption>
</figure> 
Robert Kiyosaki, the author of “Rich Dad Poor Dad” and a long-time Bitcoin supporter, expects the Bitcoin price to <a href="https://crypto.news/bitcoin-crash-robert-kiyosaki-btc-plunge-to-60000/" target="_blank">plunge</a> to $60,000 before hitting the $100,000 mark. “If and when that happens I will not sell.&nbsp; BTC will be having a sale.&nbsp; I will buy more,” Kiyosaki added. 
The best-selling author believes that Bitcoin could “settle” around $250,000 in 2025.&nbsp; 
 Read more: <a rel="" href="https://crypto.news/chart-week-xrp-rally-12-percent-what-to-expect-ripple/"> Chart of the week: XRP could jump another 12%, what to expect </a>

Unlucky gamblers lost big on the $100k Bitcoin bet

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