Will Bitcoin outperform Silver in April 2026?

Prediction markets currently give a 82% probability that Will Bitcoin outperform Silver in April 2026?. This contract trades at 82¢ on Polymarket, closing April 30, 2026. This market shows extreme yield asymmetry with the "No" side offering 3115% annualized return versus 2260% for "Yes," suggesting sophisticated traders are heavily positioning against Bitcoin outperformance despite the 54¢ price.

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82¢
Bid/Ask 76/87¢·Spread 11¢·Vol $262.522·OI $4,270.484·Closes Apr 30, 2026·8d remaining
0x9d849b59fe11d5ca04dfc7b7bc306b3b2a2f8d0b907ab1c462e8ce47a6ba85e0
7-day price593 snapshots · 10 regime
85¢82¢ current
Apr 1132¢Apr 21

Analysis

5d ago

This market shows extreme yield asymmetry with the "No" side offering 3115% annualized return versus 2260% for "Yes," suggesting sophisticated traders are heavily positioning against Bitcoin outperformance despite the 54¢ price. With only 14 days to expiry and just $43.46 in 24-hour volume against $6.01k open interest, liquidity is dangerously thin, creating potential cliff risk at resolution—the 965% realized volatility and sharp 40¢-to-54¢ price movement over seven days indicate this market is highly sensitive to intraday volatility spikes. The 2.0 information arrivals per hour and neutral regime suggest no clear directional catalyst, making this primarily a technical/sentiment play where the outsized "No" yields may reflect either sophisticated hedging or a mispriced tail risk.

Resolution rules

This market will resolve to “Yes” if Bitcoin comparatively outperforms Silver in the listed month, with performance measured as the percentage change in price during the month for each asset. Otherwise, this market will resolve to “No”. The percentage change in price for Bitcoin will be calculated by comparing the "Close" price for the Binance 1 minute candle for BTC/USDT on the last day of the specified month in the ET timezone to the "Close" price for the Binance 1 minute candle for BTC/USDT on the first day of the specified month, 12:00 AM in the ET timezone (https://www.binance.com/en/trade/BTC_USDT). The percentage change in Silver will be calculated by comparing the official Silver Continuous Contract (SI00) Close price for the last trading day of the specified month to the official Silver Continuous Contract (SI00) Close price for the last trading day before the specified month, as reported by MarketWatch (https://www.marketwatch.com/investing/future/si00). Exactly equal performance of both assets will not suffice for a "Yes" resolution. The resolution sources for this market are Binance, specifically the BTC/USDT "Close" prices currently available at https://www.binance.com/en/trade/BTC_USDT with "1m" and "Candles" selected on the top bar, and MarketWatch, specifically the close values reported for Silver Continuous Contract (SI00) under “Historical Quotes” at https://www.marketwatch.com/investing/future/si00.

Indicators

IY (Yes) 989.4%
IY (No) 20533.2%
Adj IY 10267%
CRI 5
Overround 1.4%
▶ Full indicator table (5)
IndicatorValue
IY (Yes)989.4%
IY (No)20533.2%
Adj IY10267%
CRI5
Overround1.4%

Regime

Label
neutral
Score
0.5
Spread
11¢
Computed
4/21/2026, 9:51:37 PM
Indicators computed 4/21/2026, 9:38:18 PM

Trade

View on polymarketsf trade 0x9d849b59fe11d5ca04dfc7b7bc306b3b2a2f8d0b907ab1c462e8ce47a6ba85e0 yes 100

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