Bitcoin
Why Bitcoin is down 2.5% today
Analysis
Bitcoin fell 2.5% over the past 24 hours as selling pressure intensified amid liquidation-driven downside moves, with BTC staying below the $80,000 level, according to CoinDesk’s Asia Morning Briefing. Sentiment also weakened as prediction markets priced higher odds of a drop below $65K (72% on Polymarket), a sign traders were leaning bearish, Cointelegraph reported.
Contributing Factors (3)
Odds that Bitcoin slips below $65K climb to 72% on Polymarket
Bitcoin bets on Polymarket show elevated downside risk in 2026 as analysts point to bearish trends and tight US liquidity conditions.
Bitcoin holds below $80,000 as January prediction contracts miss liquidation-driven slide: Asia Morning Briefing
Options markets signaled rising tail risk as liquidations mounted, but January prediction odds adjusted slowly as bitcoin volatility unfolded.
Bitcoin ETF holders, sitting on paper losses, may throw in the towel
Spot ETF investors are now sitting on paper losses, which sets the stage for potential large redemptions.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.