Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Crypto Community Bets on Bitcoin Price Falling to $70,000

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

HappyCoinNewsHappyCoinNews2025/03/01 06:55
By:HappyCoinNews

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
0

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!