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The prediction on Polymarket that "Bitcoin will fall below $100,000 by the end of the year" has a 61% probability.
BlockBeats News, August 28th, despite some analysts believing that Bitcoin's price will reach $200,000 by 2026, most Polymarket bettors are wagering that by the end of this year, Bitcoin's price will drop below $100,000.
As of Wednesday, the trading volume betting on whether Bitcoin will fall below $100,000 this year believes that the likelihood of dropping below $100,000 is 61%. This number is slightly lower than Monday's prediction when 72% of bettors forecasted that Bitcoin's trading price would once again drop below $100,000 this year.
Presto Research analyst Min Jung stated: "So far, the large-scale sell-offs by whales and long-term holders have seen enough buyer demand—especially from corporate treasuries and institutional allocators. However, the key question is whether there are enough new entrants to absorb this supply if these large holders begin to unwind more aggressively. If demand fails to keep pace, breaking below $100,000 becomes more likely."
21Shares cryptocurrency investment expert David Hernandez said: "Bitcoin's sell-off is a sign of market maturation. Paradoxically, while a sharp correction may dampen short-term enthusiasm, it could also catalyze a healthier market by redistributing supply from concentrated whales and corporations to a broader base of retail and institutional hands, ultimately strengthening Bitcoin's long-term foundation."
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