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

Core Insights - Bitcoin has experienced a significant price decline of nearly 30% over the past month, dropping below $90,000 in January 2026 from a high of over $125,000 [1] - Current market sentiment indicates a 70% probability that Bitcoin will fall below $60,000, with predictions suggesting a 53% chance of it dropping below $57,500 [1][2] Price Trends - Bitcoin reached a low of $60,074.20 on February 6, 2026, after previously hitting a high of over $125,000 [1] - As of the latest data, Bitcoin is trading at $64,730.58, reflecting a decline of over 9.21% in the last 24 hours [4] Market Predictions - Bettors on prediction markets have indicated a 36% probability of Bitcoin falling below $55,000 and a 21% chance of it dropping below $50,000 [2] - The prediction market data shows a significant increase in the likelihood of Bitcoin's price falling below these key levels, with the probability of going below $60,000 rising from 63% to 70% [1][2] Industry Warnings - Investor Michael Burry has warned that if Bitcoin falls below $50,000, miners could face bankruptcy and be forced to sell their Bitcoin reserves [3][4] - Burry's concerns extend to the potential collapse of tokenized metal futures if Bitcoin's price continues to decline [4]