How Low Can Bitcoin Fall This Month? Prediction Markets See BTC Touching A Level Which Michael Burry Says Will Make Miners 'Bankrupt'

Over the past month, Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, has seen a notable descent successful terms and marketplace sentiment, declining astir 30%, reversing overmuch of its gains from precocious 2025.

Bitcoin dropped beneath the $90,000 people successful Jan. 2026 amid tariff threats, down from a precocious of implicit $1,25,000 implicit the past year.

Bitcoin reached adjacent the $60,000 mark, touching $60,074.20 connected Feb. 6 arsenic per information from CoinMarketCap.

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Data from Kalshi, a federally authorized betting platform, shows that implicit $680K has been stake connected the declaration "How debased volition Bitcoin get successful February?"

At present, bettors accidental that the probability of BTC going beneath $60,000 is astatine 70%, up by 63%.

The probability of BTC going beneath $57,500 is 53% arsenic per bettors, up by 48%. Bettors deliberation that the probability of it going beneath the $55,000 people is 36%.

While low, the probability of it going beneath the $50,000 people is 21% per prediction markets.

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"Big Short" Michael Burry, the capitalist who famously stake against the US lodging marketplace during the 2008 fiscal crisis, has issued a informing for miners if BTC falls beneath the $50,000 people successful a caller Substack post.

As per a station shared by Yahoo Finance connected X, Burry has said that miners volition spell "bankrupt" and beryllium "forced to sell" their Bitcoin reserves if BTC falls beneath the $50,000 mark. He added that tokenized metallic futures volition "collapse into a achromatic hole" with nary buyers.

Michael Burry thinks that a further diminution successful bitcoin could origin miners to spell "bankrupt." pic.twitter.com/Nk4xEqdQNk

At the clip of writing, BTC was trading hands astatine 64,730.58, down implicit 9.21% successful the past 24 hours.

Photo courtesy: Memory Stockphoto connected Shutterstock.com

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