Bitcoin, the largest cryptocurrency, has dropped nearly 30% over the past month, reversing gains from late 2025. It fell below $90,000 in January 2026 amid tariff threats, down from a high of over $125,000. On Feb. 6, Bitcoin reached near $60,000, touching $60,074.20. Betters predict a 70% chance of BTC dropping below $60,000.

Michael Burry, known for betting against the US housing market, warns miners of bankruptcy if BTC falls below $50,000. He predicts tokenized metal futures collapsing into a black hole. At the time of writing, BTC is trading at $64,730.58, down over 9.21% in 24 hours.

Investors are betting on how low Bitcoin will go in February, with over $680K wagered. The probability of BTC dropping below $60,000 is at 70%, while the likelihood of it falling below $57,500 is 53%. Bettors foresee a 36% chance of Bitcoin going under the $55,000 mark and a 21% probability of it dropping below $50,000.

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Read more at Yahoo Finance: How Low Can Bitcoin Fall This Month? Prediction Markets See BTC Touching A Level Which Michael Burry Says Will Make Miners ‘Bankrupt’