There's a 52% chance Bitcoin will lose $100,000 this month: Polymarket
The cryptocurrency market failed to sustain the initial excitement of Uptober, and prices of leading cryptocurrencies, especially Bitcoin, returned to levels not seen in months. Meanwhile, bearish sentiment is intensifying.
As Bitcoin continues to fall in price, renowned cryptocurrency market prediction platform Polymarket has released data showing that there is a 52% chance that Bitcoin will fall below $100,000 this month.
EXCLUSIVE: Bitcoin is predicted to fall below $100,000 this month. pic.twitter.com/dqusTfTElS
— Polymarket (@Polymarket) October 17, 2025
Polymarket published a chart demonstrating a bearish outlook, which sparked heated discussion in the crypto community. Although the chart shows a 39% increase in bearish sentiment, the data suggests traders are increasingly convinced that the world's largest cryptocurrency may be on the brink of another major correction.
Bitcoin fell 7.40% despite the hype around Uptober.
Bitcoin continues to trade in the red and shows no signs of recovery as bulls increasingly exit the market amid growing uncertainty.
The sudden shift in market sentiment followed a period of sustained confidence seen at the beginning of the month. Bitcoin failed to maintain its bullish momentum in the second week of October, when the market suddenly turned bearish following a significant drop on October 10th.
Although analysts predicted that Bitcoin would reach $150,000 in October, it now appears that the leading cryptocurrency will no longer be able to meet those expectations.
Despite a strong start to October and reaching a new all-time high (ATH) of $126,198 on October 6, Bitcoin continues to face deeper corrections, with its price down 8.26% for the month, according to CoinMarketCap data.
This appears to suggest that this year's leading cryptocurrency may see its strong growth streak end in October.
Institutions are Bitcoin-resistant
Despite the discouraging downward price trend, institutional investors like Michael Saylor's Strategy have not abandoned their aggressive Bitcoin accumulation. While the company appears cautious, it continues to accumulate Bitcoin weekly, but has significantly reduced its purchases amid the price decline.
Despite the resilience shown by institutional investors, analysts believe that if Bitcoin falls below $100,000, it could lead to further liquidations, adding selling pressure to an already fragile market.
Source: cryptonews.net
