Kalshi "Bitcoin, 50% Chance of Collapsing Below $50,000"

▲ Bitcoin (BTC) decline/AI generated image

Market fear has been confirmed by prediction platform figures, as the probability of Bitcoin (BTC) falling below $50,000 has surged to 50%.

According to U.Today on May 27 (local time), cryptocurrency prediction platform Kalshi set the probability of Bitcoin falling below $50,000 before the end of the year at 50%. U.Today reported that fear among speculative traders is growing as Bitcoin continues to fail in its attempts to break through recent price levels.

Kalshi's outlook means that the possibility of Bitcoin dropping below $50,000 is now equal to the possibility of avoiding a bearish scenario. U.Today explained that Bitcoin has remained in decline for the past few days, weakening investor confidence amid a market downturn.

While Bitcoin continues to maintain dominance in the cryptocurrency market, it is also bearing the brunt of widespread bearish sentiment. Prolonged market volatility has increased anxiety among traders, and the decline probability presented by Kalshi also shows that bearish forecasts for Bitcoin are rapidly expanding.

Signs of institutional investor exodus are also adding to the pressure. U.Today reported that with Bitcoin demand significantly reduced, institutional investors are gradually reducing their positions, and net outflows from Bitcoin ETFs have continued daily since last week. Bitcoin fell by 2.99% in the last 24 hours, dropping below $75,000 again.

U.Today stated that if the bearish trend continues, the probability of Bitcoin falling below $50,000 before the end of the year could increase further. The market is once again reflecting the $50,000 decline scenario as a major variable, due to a combination of failed price breakthroughs, daily declines, ETF net outflows, and caution regarding institutional selling.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*