- Prediction markets on Polymarket show a 72% chance of Bitcoin falling below $55,000 before 2027.
- Bitcoin triggered $465 million in liquidations in 24 hours after dropping below $65,000, wiping out mostly long positions.
- Retail sentiment on Stocktwits remained bearish, with some users predicting a drop to as low as $38,000 or $20,000.
- President Trump’s announcement of a 15% import tariff contributed to market uncertainty and the price decline.
Bitcoin’s price volatility intensified on Sunday night, with traders on prediction markets significantly raising bets on a deeper downturn. According to Polymarket data, the odds of BTC falling below $55,000 before 2027 jumped to 72%.
Consequently, the cryptocurrency momentarily plunged below the $65,000 support level. This sharp move triggered massive liquidations, with Coinglass data showing $465 million wiped out in 24 hours.
Market sentiment turned sharply negative amid broader economic concerns. The decline followed President Donald Trump‘s announcement of a 15% import tax, reportedly implemented under a 1974 trade act.
Meanwhile, retail investor mood tracked firmly in bearish territory on platforms like Stocktwits. One user cited the “single worst technical setup” they had ever seen for Bitcoin.
Another user noted the irony of Bitcoin falling under a pro-crypto president. This trader anticipated prices could hit $38,000 soon and fall to $20,000 within a year.
On Kalshi, most bettors also backed Bitcoin dropping below $50,000 this year. Bitcoin’s price has fallen nearly 26% this year and remains down over 48% from its October peak.
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