Bitcoin’s (BTC) steep decline could continue, according to bettors on Kalshi. 75% of them are now betting that the BTC price will fall below $60,000.
Bitcoin could fall below $60,000 according to Kalshi users
Like a bitter winter wind blowing through the crypto world… Bitcoin’s price crossed the $70,000 threshold today, a price range that brings it close to its previous 2021 record. As the crypto community wonders whether this decline will continue, the Kalshi community has spoken.
According to bets on the Bitcoin price, there is a 75% chance that the cryptocurrency will fall below $60,000 by the end of the year. A pessimistic outlook, coming on the heels of a particularly gloomy week for the largest cryptocurrency: it has fallen 20.6% over the last 7 days:
A difficult start to the year for Bitcoin
The general sentiment is confirmed by the Fear & Greed Index, which has shifted 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 treasuries are now largely in the red, after making headlines in 2025.
A widely watched indicator is the status of Strategy’s reserves. Several analysts point out that a sell-off by the largest current treasury 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 indeed 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 ATH.
The BTC plunge therefore does not appear to be over, and a prolonged bear market phase seems to be taking hold.
