Bitcoin’s (BTC) steep decline could continue, according to bettors on Kalshi. Seventy-five percent of them are now betting that the price of BTC will fall below $60,000.
Bitcoin Could Drop Below $60,000, According to Kalshi Users
Like an icy winter wind sweeping through the crypto world… The Bitcoin price crossed the $70,000 threshold today, a price range that brings it close to its previous 2021 record high. As the crypto community wonders whether this decline will continue, the Kalshi community has spoken.
According to bets on Bitcoin’s price, there’s a 75% chance the cryptocurrency will drop below $60,000 by the end of the year. This pessimistic outlook comes amid a particularly gloomy week for the largest cryptocurrency: it has fallen 20.6% over the past 7 days:
A difficult start to the year for Bitcoin’s price
The general sentiment is confirmed by the Fear & Greed Index, which has swung into the “extreme fear” zone this week.
How far will Bitcoin’s decline go?
As evidence of this gloomy mood, most crypto analysts are now betting on a drop in Bitcoin’s price. Corporate BTC holdings are now largely in the red, after making headlines in 2025.
One widely watched indicator is the status of Strategy’s reserves. Several analysts point out that a sell-off by the current largest holder would trigger a domino effect, which could send the price of the largest cryptocurrency plummeting.
According to TCN analyst Prof Chaîne, the BTC price is still far from reaching its lowest point: it could, in fact, bottom out in a range above $40,000:
The thresholds currently lie in a range between $55,000 and $40,000, corresponding to a potential decline of –56% to –68% from the October 2025 all-time high (ATH).
BTC’s plunge therefore does not appear to be over, and a prolonged bear market seems to be taking hold.
