Prediction market traders are increasingly bearish on Bitcoin's near-term performance, assigning a 66% probability that it will fall below $55,000 this year and a 50% chance of dipping under $50,000. The cryptocurrency has recently slumped towards $65,000, pressured by significant outflows from U.S. Bitcoin exchange-traded funds (ETFs) and a growing preference for high-performing AI stocks. Notably, $2.4 billion was withdrawn from U.S.-listed Bitcoin ETFs in May alone, with an additional $1 billion pulled in the first two days of June. K33 Research highlights that many investors are viewing the opportunity cost of holding Bitcoin as too high compared to the gains seen in AI-linked equities. While Bitcoin struggles, capital appears to be moving into stablecoins such as USDT and USDC, indicating that traders are raising cash rather than exiting the crypto market altogether. This trend suggests that while traders are betting on lower Bitcoin prices, they remain poised for potential future opportunities.