About two thirds of bets are for NO and I guess the chance to see $20,000 dip is possible. Price often moves to what most of traders, investors, gamblers do not think of. It is the game of faith, risk management and manipulation. If I was a whale, I would make a plan to dump bitcoin back to $20,000. I have more belief to do it if I look at the NO bets.
Wouldn't it disastrous for the Bitcoin market if someone manipulated it and forcefully crash the market below the $20k this year? Since the sentiment of the Bitcoin market is very positive, I believe there will be lots of opposition on the buy-side and would require a huge amount of BTC to crash the market below $20k. Speaking with the support of the market, there is also a huge possibility that manipulation to crash the BTC price right now is futile, lots will surely jump in to buy BTC at a discount, thus a scenario of bouncing back to bullish trend is very possible.