According to the source, prediction market data on MyriadMarkets now assigns a 55% probability that BTC moves down to $100K, indicating a bearish skew in near-term positioning (source: user-provided content citing MyriadMarkets odds, Oct 16, 2025). The source frames $100K versus $120K as the key range, making these the critical levels for breakout or breakdown trades and for setting stops and targets in futures and options strategies (source: user-provided content; MyriadMarkets odds). If the $100K outcome stays above 50% on MyriadMarkets, short bias and protective hedges such as put spreads around the 100K strike have higher expected value; if odds flip toward the $120K scenario, momentum longs regain edge with invalidation below recent range lows (source: user-provided content; MyriadMarkets odds).