Early 2026 was not treating Bitcoin with fairness. In just a couple of weeks of the new year, the price of BTC went down almost 30%. Despite the drop, Bitcoin remains the world’s largest crypto, but it is a far cry from the standards it set in 2025. With the way 2025 ended, even better performances were expected from BTC, but instead we received a historic drop for this digital currency.
Bitcoin ended 2025 by being priced over $100,000, only to drop below $90,000 early in January. Fast forward to February, and at the moment of writing of this article it stands at about $66,550. Only a few weeks back and it was close to dropping below $60,000. While BTC has regained some of its stability, and stopped dropping, the speculations on just how low it will go have only begun. Many online crypto casinos have betting markets for predicting how low BTC will go down during this month and going forward too.
Considering just how important has Bitcoin and other cryptocurrencies have become to establishments engaging in online gambling, and to so many other both online and traditional business it’s no wonder that people are wagering on its future. For many people out there, during the past few years, BTC has proven to be one of the best investment tools. Online betting statistics show that most bettors, 70% of them, believe that Bitcoin is going to drop below $60,000 before the end of February.
While investors and bettors trust that BTC is going to go down below the $60,000 mark, not many are confident that it could go below $50,000. Only 21% of bettors trust that the world’s biggest cryptocurrency could lose 50% of its value in just two months of 2026. Experts from all sides are chiming in on the subject. The now famous investor, Michael Burry, who famously wagered against the housing market in 2008, and had the movie made of his exploits called The Big Short, warned of events that will transpire when and if BTC drops below $50,000.
Burry stated that if that scenario occurs, the people who still mine BTC are bound for bankruptcy. He also predicts that they will be forced to sell their stashes of BTC, and that once Bitcoin is below $50,000 the buyers market for it will disappear as a supernova.
One of the reasons why the price of BTC was going down in recent times is the fact that the long term holders have been selling the cryptocurrency. This pattern was evident from the third quarter of 2025, but despite the February drop off, that trend is changing now. The investors stopped selling, and buying BTC is trendy once again. The buying was occurring even when BTC was at around $80,000 and continued at the moments when it came down to $60,000.
Long term BTC holders are all wallets that have held on to their crypto longer than 155 days. They’re the ones who give signals to the market as they’re typically the last ones to sell. So, when you see them selling, you know something is happening. When the price of Bitcoin started to grow last year, long term holders were steadily selling the digital currency, with the sales peaking in October when BTC reached the $126,000 mark. The trend continued into 2026, but now when BTC has hit the new low in 2026 it stopped, and statistics show that the net buying of Bitcoin is higher than net selling of the currency.
When we compare the price today to the one in October of 2025, the drop is staggering 47%. While the fear among newer investors is high, and they keep on selling, the more experienced ones are once again sticking to their positions. The reasons behind their moves are many. For one, it all comes down to the much talked Fed policies. Those who have made smart moves in the past with their BTC are once again buying the world’s biggest cryptocurrency.
In coming weeks, it is expected that the rest of the market will catch up to the long term BTC holders, and that the trend of selling will be replaced with the trend of buying. The so called ‘smart money’ is heavily leaning into BTC stashes as they trend around $66,550. If Bitcoin continues to fluctuate in coming weeks as it has been doing lately, we can expect more and more people to bet on either its rise or fall.
Considering that there’s no monumental sports events coming up, as we’re now past the Super Bowl, the crypto market might become one of the most interesting ones in coming weeks to wager one, regardless of you being a crypto investor or sports bettor. If you ask us the chances are it’s going to trend upward of $80,000 come March, rather than continue dropping.
