{"id":94575,"date":"2026-02-23T16:02:38","date_gmt":"2026-02-23T13:02:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94575"},"modified":"2026-02-23T16:05:22","modified_gmt":"2026-02-23T13:05:22","slug":"polymarket-users-predict-75-chance-of-bitcoin-falling-below-55000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/polymarket-users-predict-75-chance-of-bitcoin-falling-below-55000\/","title":{"rendered":"Polymarket Users Predict 75% Chance of Bitcoin Falling Below $55,000"},"content":{"rendered":"

Seventy-five percent of users on the prediction platform Polymarket<\/a> 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.<\/p>\n

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Source: Polymarket<\/a>.<\/figcaption><\/figure>\n

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.<\/p>\n

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

\"BTCUSDT_2026-02-23_15-16-18\"
15-minute BTC\/USD chart from Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

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

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Source: 8marketcap<\/a>.<\/figcaption><\/figure>\n

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<\/a> by approximately $760 billion, or 24.5%.<\/p>\n

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

Pierre Rochard, Vice President of Riot Platforms, called Bitcoin “the most undervalued asset in the world.”<\/p>\n

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Bitcoin continues to be the most undervalued asset in the world.<\/p>\n

\u2014 Pierre Rochard (@BitcoinPierre) February 23, 2026<\/a><\/p><\/blockquote>\n