Polymarket, a decentralized betting platform, has disclosed data indicating a 52% probability that Bitcoin's price will fall below $100,000 in October 2025. This prediction comes as Bitcoin fails to sustain earlier "Uptober" optimism, with the cryptocurrency down approximately 7.40% despite hitting an all-time high of $126,198 on October 6. According to CoinMarketCap, Bitcoin has shown an 8.26% decline in monthly returns, signaling a potential break from its historical October gain streak.
Market sentiment has turned increasingly bearish, with Polymarket highlighting a 39% surge in bearish views among traders. The platform shared a chart on social media, stirring discussions about a possible major correction. While institutional investors like Michael Saylor's MicroStrategy continue Bitcoin accumulation, they have reduced purchase volumes amid the price slump, reflecting caution.
Analysts warn that if Bitcoin breaks below the $100,000 level, it could trigger further liquidations and add selling pressure to an already fragile market. This prediction underscores Bitcoin's volatility, with past events like mining bans serving as reminders for investor prudence.
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