Alexa Grasso leads trader consensus at 74.5% implied probability for Natalia Silva’s next opponent due to her status as a former champion and top-ranked flyweight contender following recent strong performances, including a win over Manon Fiorot. Silva defeated Grasso by unanimous decision in May 2025 yet has publicly cited her among early 2027 title-defense options alongside Erin Blanchfield. Valentina Shevchenko’s 4.5% odds reflect her ongoing injury absence and Silva’s post-UFC 332 comments directing the former champion to wait her turn after vacating the belt. Recent developments include Jasmine Jasudavicius’s October 17 upset of Blanchfield and subsequent title-shot callout, plus Silva’s expressed preference for frequent defenses as the new undisputed champion after her October 3 win over Wang Cong. These factors shape the current market positioning ahead of any official booking.