The dramatic fall in Bitcoin (BTC) could continue, according to Kalshi bettors. 75% of them are now betting that the price of BTC will fall below $60,000.
Bitcoin could fall below $60,000 according to Kalshi users
Like a cold winter wind blowing through the crypto world… The price of Bitcoin passed the $70,000 mark today, a price range that brings it close to its previous record high in 2021. While the ecosystem wonders whether this decline will continue, the people of Kalshi have spoken.
According to bets on the price of Bitcoin, there is a 75% chance that the cryptocurrency will fall below $60,000 by the end of the year. This pessimistic outlook comes during a particularly gloomy week for the largest cryptocurrency, which has fallen 20.6% over the last seven days:
The general sentiment is confirmed by the Fear & Greed Index, which has fallen into the “extreme fear” zone this week.
How far will Bitcoin fall?
As proof of this gloomy atmosphere, most crypto analysts are now betting on a fall in the price of Bitcoin. Corporate cash reserves in BTC are now largely in the red, after making headlines in 2025.
One indicator that is universally monitored is the state of Strategy’s reserves. Several analysts point out that a sale by the largest current cash reserve would cause a domino effect, which could cause the price of the largest cryptocurrency to plummet.
According to TCN analyst Prof Chaîne, the price of BTC is still far from reaching its lowest point: it could indeed stop in a zone above $40,000:
The thresholds are currently in a range between $55,000 and $40,000, corresponding to a potential decline of -56% to -68% from the October 2025 ATH.
The BTC plunge does not seem to be over, and a prolonged bear market phase appears to be setting in.
