Polymarket Users Predict 75% Chance of Bitcoin Falling Below $55,000

75% of Polymarket users predict Bitcoin will fall below $55,000.

Seventy-five percent of users on the prediction platform Polymarket believe that the price of the leading cryptocurrency will plummet to $55,000. The volume of bets on this outcome has reached $1.2 million.

Traders are also betting on a drop below $50,000 and $45,000 with probabilities of 62% and 47%, respectively. Trading volumes for these contracts amount to $173,473 and $1.4 million.

On February 23, Bitcoin’s price fell below $65,000. At the time of writing, the asset is trading at $66,223, down 2.6% for the day.

Bitcoin’s market capitalization has fallen to $1.32 trillion, placing the asset 14th in the global ranking of the largest corporations.

Since the beginning of the year, this figure has lost about $440 billion or 25%. The total market capitalization of the crypto market has shrunk by approximately $760 billion, or 24.5%.

Experts at Standard Chartered have forecasted a drop in cryptocurrency to $50,000 before a potential rise to $100,000. Analysts at CryptoQuant described the $55,000 mark as the “final market bottom.”

Pierre Rochard, Vice President of Riot Platforms, called Bitcoin “the most undervalued asset in the world.”

Bitcoin continues to be the most undervalued asset in the world.

— Pierre Rochard (@BitcoinPierre) February 23, 2026

Institutional investors share this view. A Coinbase survey revealed that 70% of respondents consider the asset’s value in the range of $85,000 to $95,000 to be undervalued when compared to precious metals and stocks.

Earlier, analysts at K33 Research suggested that the drop of the leading cryptocurrency to $60,000 on February 6 marked a local bottom before a consolidation phase.