Markets imply 66% chance of bitcoin falling below $55,000
Bitcoin’s selloff is expected to continue, with traders assigning a 66% probability of the cryptocurrency dropping below $55,000 this year.
The outlook is based on prediction market traders’ bets, which also imply a 50% chance of sub-$50,000 prices and a 31% chance of prices dipping below $40,000.
Heavy outflows from U.S. bitcoin ETFs and a growing preference for AI stocks are pressuring bitcoin, which has slumped toward $65,000.
Traders are increasingly bearish on bitcoin’s near-term performance, with some shifting money into stablecoins rather than leaving the crypto market altogether.