
Traders on prediction market Kalshi are increasingly betting on further downside for Bitcoin, assigning a 53% probability that the cryptocurrency will fall below $45,000 before 2027. The market also places 39% odds on Bitcoin dropping under $40,000, with more than $3.8 million wagered on the outcome. The bearish outlook follows Bitcoin’s decline from its January highs and comes amid ETF outflows, more than $1.7 billion in crypto liquidations, and heightened market uncertainty. Some traders have also pointed to Strategy’s recent Bitcoin sale as a sign of weakening sentiment. The prediction matters because it reflects growing caution among market participants despite Bitcoin holding near the key $60,000 support level.
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