Bitcoin Suffers Worst Collapse in 2 Months, 53% Chance It Crashes to $55,000

Sentiment around Bitcoin has turned sharply bearish as traders increasingly expect further downside instead of a recovery, according to latest from crypto channel feeds accessed by ProPakistani.

On the prediction platform Myriad, 53 percent market participants now expect Bitcoin to fall to $55,000, overtaking expectations of a rebound toward $84,000.

Just a day earlier, sentiment leaned 60 percent the other way. This is happening because Bitcoin continues its decline, sliding more than 5 percent since Monday to around $67,000 at the time of press. This is its weakest level in nearly two months.

Over the past week, BTC has dropped more than 12 percent.

Why Bitcoin so sad?

One key trigger has been renewed selling pressure. The world’s first and largest Bitcoin Treasury Company “Strategy” recently sold 32 BTC, its first big sale of the top coin since 2022 after accumulating massive reserves. The move, some posted on X, rattled sentiment given the firm’s long-standing reputation as a Bitcoin HODLer.

At the same time, $3.4 billion has exited US spot Bitcoin exchange trade funds in the past 24-hours, meaning more capital has left than entered in 2026 so far.

Market stress has also been amplified by forced liquidations. Nearly $600 million in long positions were wiped out in a single day as leveraged traders were caught on the wrong side of the decline.

Adding to uncertainty, on-chain movements tied to the a few collapsed exchanges that showed around $1 billion in Bitcoin transfers. While the transfers do not confirm selling activity, they have contributed to nervous market sentiment.

Bitcoin is now trading roughly 46 percent below its all-time high of $126,080. Some traders on X bet big on BTC jumping above $100,000 if Pakistan helps mediate an to the US-Iran war in the coming weeks.