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40% chance of dropping below 50k, Kalshi's prediction is quite aggressive, the speed at which ETF funds are fleeing is much faster than I imagined.
On May 23, after Bitcoin's price dropped below $75,000, market sentiment turned bearish.
Although Bitcoin rebounded to $82,000 earlier this month, the current trading price is $75,410, and the ETF market has also seen continued withdrawals by institutional investors, resulting in the highest weekly outflow from Bitcoin ETFs since January over the past week.