BlockBeats news, on August 28, although some analysts believe that the price of Bitcoin will reach $200,000 before 2026, most Polymarket bettors are betting that by the end of this year, the price of Bitcoin will fall below $100,000.
As of Wednesday, traders betting on whether Bitcoin will fall below $100,000 this year estimate the likelihood of falling below $100,000 at 61%. This figure is slightly lower than Monday's prediction, when 72% of bettors forecasted that Bitcoin's trading price would fall below $100,000 again this year.
Min Jung, a research analyst at Presto, stated: "So far, the massive sell-off by whales and long-term holders has been met with sufficient buyer demand—especially from corporate bonds and institutional allocators. However, if these large holders begin to close their positions more aggressively, the key question is whether there are enough new entrants to absorb this supply. If demand fails to keep pace, falling below $100,000 becomes more likely."
David Hernandez, a cryptocurrency investment expert at 21Shares, stated: "The sell-off of Bitcoin is a sign of market maturation. Ironically, while a significant pullback may dampen short-term enthusiasm, it could also catalyze a healthier market by redistributing supply from concentrated whales and companies to a broader base of retail and institutional investors, ultimately strengthening Bitcoin's long-term fundamentals."
