Bitcoin once lost the 70,000 mark. The probability of the market betting it will fall below 55,000 US dollars has increased to 60%.

The price of Bitcoin fell below the $70,000 mark at one point during the day, hitting a low of $69,101, the lowest level since November 7, 2024. Prediction platform Polymarket shows that there is an 82% probability that Bitcoin will fall below $65,000 this year, and the probability of falling below $55,000 has also risen to about 60%. Analysts believe that after this round of sharp decline, Bitcoin's upward momentum, market narrative, and the label of "safe haven asset" have almost simultaneously collapsed.