Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Crypto Community Bets on Bitcoin Price Falling to $70,000

Crypto Community Bets on Bitcoin Price Falling to $70,000

HappyCoinNews2025/03/01 06:55
By: HappyCoinNews
BTC-0.12%

Gambling members of the crypto community on the platform polymarket are betting on Bitcoin falling to $70,000.

On February 28, the price of BTC dropped to its lowest since November 2024 at $79,400. In addition, since February 21, when the dump began, Bitcoin fell by 20% and erased the lion's share of the gains of Trump's pump. Now many people predict a continuation of the bearish trend.

Crypto Community Bets on Bitcoin Price Falling to $70,000 image 0

Bitcoin fall

Amid the downward trend, users polymarket began to actively bet on the fact that in March Bitcoin will fall in price to $70,000. From February 24, the probability of this outcome increased seven times and reached 42%. A successful bet on this event will earn a profit of 138%, and a winning bet that the value of BTC will not fall to $70,000 will increase the capital by 69%.

Crypto Community Bets on Bitcoin Price Falling to $70,000 image 1

Bitcoin Price Probability Changes to $70,000

The current wave is seeing Bitcoin dip to new lows. I was looking forward to taking a chance this morning, but looking at the price action, I thought there was a big downside wave coming that would take us below $80,000, most likely over the weekend. Then there will be a lull for a while. Brace yourself, says the crypto exchange co-founder BitMEX Arthur Hayes February 28.

An analyst under the pseudonym Rage also predicts a continuation of the dump. According to him, the Bitcoin rate may well fall by 30-40% from the peak reached in January at around $109,000. That is, he allowed the BTC price to fall to $65,400.

EN @happycoinnews
EN @happycoinnews_en
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — ZBT/USDT!
Bitget Announcement2025/10/21 02:00
CandyBomb x ZBT: Trade futures to share 100,000 ZBT!
Bitget Announcement2025/10/17 13:30
Bitget Builder+ Initiative is now recruiting!
Bitget Announcement2025/10/17 11:00

Trending news

More
1
New spot margin trading pair — ZBT/USDT!
2
CandyBomb x ZBT: Trade futures to share 100,000 ZBT!

Crypto prices

More
Bitcoin
Bitcoin
BTC
$108,179.11
-2.12%
Ethereum
Ethereum
ETH
$3,843.39
-3.49%
Tether USDt
Tether USDt
USDT
$1
+0.03%
BNB
BNB
BNB
$1,060.22
-3.75%
XRP
XRP
XRP
$2.41
-3.13%
Solana
Solana
SOL
$185.21
-2.58%
USDC
USDC
USDC
$0.9999
-0.01%
TRON
TRON
TRX
$0.3220
-0.15%
Dogecoin
Dogecoin
DOGE
$0.1935
-3.56%
Cardano
Cardano
ADA
$0.6414
-3.24%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter