2 hours ago
Bitcoin slid beneath $65,000 implicit the play earlier stabilizing Monday arsenic traders connected prediction marketplace Polymarket accrued bets that the cryptocurrency’s pullback has further to run.
The likelihood of Bitcoin (BTC) falling beneath $55,000 climbed to 72% connected Polymarket Monday, with $1.2 cardinal successful measurement connected platform.
Other bearish bets see terms declines beneath $50,000 and $45,000, with likelihood of 67% and 47%, and trading volumes of $170,000 and $1.4 billion, respectively.
Odds that Bitcoin would driblet beneath $55,000 surged 14% astatine the clip of writing. Source: PolymarketBitcoin concisely fell beneath $65,000 connected Sunday earlier recovering astatine astir $65,900 astatine the clip of writing, according to TradingView data.
Bitcoin’s marketplace headdress besides slid to astir $1.31 trillion, dropping down the Vanguard S&P 500 ETF (VOO) and falling to 15th globally amid the ongoing crypto marketplace rout, according to 8marketcap.
Bitcoin’s marketplace headdress is down 25% year-to-date
Bitcoin’s marketplace capitalization has fallen by astir $440 cardinal this year, astir a 4th of its value, with prices sliding from astir $90,000.
The full crypto marketplace headdress has seen a akin drop, shedding astir $760 billion, oregon 24.5%, according to CoinGecko data.
Bitcoin present sits betwixt the Vanguard S&P 500 ETF (VOO) and Berkshire Hathaway (BRK-B) successful marketplace headdress rankings. Source: 8marketcapAt $65,900, BTC has gained astir 22% implicit the past 5 years, showing the asset’s volatility and reigniting questions astir its relation arsenic an ostentation hedge.
Many expect $55,000 to beryllium the “ultimate marketplace bottom”
Traders’ expectations that Bitcoin could driblet beneath $55,000 align with views from analysts, large fiscal institutions and autochthonal marketplace platforms.
Analysts astatine Standard Chartered task BTC could autumn to $50,000 earlier perchance recovering toward $100,000, portion CryptoQuant suggests $55,000 whitethorn correspond the “ultimate marketplace bottom.”
On Monday, CryptoQuant noted that Tether USDt (USDT) was nether utmost liquidity stress, a awesome reminiscent of the 2022 marketplace bottom.
Source: CryptoQuantCryptoQuant besides reported Saturday that stablecoin speech flows bespeak declining marginal buying power, with nett USDT inflows to exchanges falling sharply from a one-year precocious of $616 cardinal successful November 2025 to conscionable $27 million.
Related: Binance holds 65% of CEX stablecoin reserves arsenic outflows cool
“This contraction indicates reduced liquidity acceptable to beryllium deployed into crypto markets,” the steadfast said successful a study shared with Cointelegraph.
Despite the persisting bearish sentiment, immoderate analysts item Bitcoin’s semipermanent value. Advocate Pierre Rochard described it arsenic the “most undervalued plus successful the world” successful a station connected X connected Sunday.
Source: CoinbaseSimilarly, a Coinbase survey recovered astir 70% of organization investors view Bitcoin arsenic undervalued erstwhile priced betwixt $85,000 and $95,000, noting its continued underperformance comparative to precious metals and equities.
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