The betting markets are painting a pretty bearish picture for Bitcoin near-term. Based on current trading activity, there's only about a 7% probability priced in for BTC to hit $100K before the year wraps up. That's a fairly slim margin if you're bullish on that level. Traders seem to be setting expectations lower, suggesting either they're bracing for consolidation or expecting more downside pressure in the final stretch. Interesting contrast to some of the bullish narratives floating around social media.