Bitcoin Bearish Pressure Mounts as Odds of Dropping Below $55,000 Rise to 75%

Bitcoin (BTC) continues to face intensified selling pressure as bearish sentiment deepens across the cryptocurrency market. According to the latest data from the prediction platform Polymarket, the probability of Bitcoin dropping below the $55,000 threshold has risen to 75%. This shift follows a sharp 18% overnight surge in betting odds favoring a further price decline. The growing pessimism is fueled by the digital asset's recent failure to hold the critical $65,000 support level. Consequently, Bitcoin’s market capitalization stands at $1.31 trillion, maintaining its position as the 15th largest global asset. Market analysts warn that the breach of key technical levels could trigger a cascade of liquidations in the near term. Traders are increasingly bracing for heightened volatility as the bearish momentum shows no signs of abating.