Myriad prediction market users have significantly reduced the likelihood of a crypto winter, cutting the probability from 30% to 9%. This shift follows a notable rebound in cryptocurrency prices after a six-week period of market weakness. Bitcoin surged over 6% in 24 hours, reaching above $91,500, while Ethereum increased by 7.3% to $2,990. A crypto winter is characterized by a prolonged market downturn, with Bitcoin falling below $35,000, Ethereum under $1,000, MicroStrategy shares below $50, or the total crypto market cap dropping below $350 billion. The last such period extended from late 2021 to most of 2023, influenced by the collapse of the post-pandemic bull run and significant events like the Terra/Luna crash and the FTX failure.