Over the previous month, Bitcoin (CRYPTO: BTC), the world’s largest cryptocurrency, has seen a notable slide in worth and market sentiment, declining almost 30%, reversing a lot of its beneficial properties from late 2025.
Bitcoin dropped beneath the $90,000 mark in Jan. 2026 amid tariff threats, down from a excessive of over $1,25,000 over the previous yr.
Bitcoin reached close to the $60,000 mark, touching $60,074.20 on Feb. 6 as per knowledge from CoinMarketCap.
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Information from Kalshi, a federally licensed betting platform, reveals that over $680K has been guess on the contract “How low will Bitcoin get in February?”
At current, bettors say that the likelihood of BTC going beneath $60,000 is at 70%, up by 63%.
The likelihood of BTC going beneath $57,500 is 53% as per bettors, up by 48%. Bettors assume that the likelihood of it going beneath the $55,000 mark is 36%.
Whereas low, the likelihood of it going beneath the $50,000 mark is 21% per prediction markets.
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“Massive Quick” Michael Burry, the investor who famously guess towards the US housing market through the 2008 monetary disaster, has issued a warning for miners if BTC falls beneath the $50,000 mark in a latest Substack submit.
As per a submit shared by Yahoo Finance on X, Burry has stated that miners will go “bankrupt” and be “compelled to promote” their Bitcoin reserves if BTC falls beneath the $50,000 mark. He added that tokenized steel futures will “collapse right into a black gap” with no consumers.
Michael Burry thinks {that a} additional decline in bitcoin might trigger miners to go “bankrupt.” pic.twitter.com/Nk4xEqdQNk
On the time of writing, BTC was buying and selling fingers at 64,730.58, down over 9.21% within the final 24 hours.
Picture courtesy: Reminiscence Stockphoto on Shutterstock.com
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