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ChainCatcher reported that although some analysts believe that Bitcoin's price will reach $200,000 before 2026, most Polymarket bettors are wagering that Bitcoin's price will fall below $100,000 by the end of this year. As of Wednesday, traders betting on whether Bitcoin will fall below $100,000 this year estimated the probability at 61%. This figure is slightly lower than Monday's forecast, when 72% of bettors predicted that Bitcoin would once again trade below $100,000 this year. Presto research analyst Min Jung stated: "So far, the massive sell-off by whales and long-term holders has been met with sufficient buying demand—especially from corporate bonds and institutional allocators. However, if these large holders begin to close positions more aggressively, the key question is whether there will be enough new entrants to absorb this supply. If demand fails to keep pace, a drop below $100,000 becomes more likely." 21Shares cryptocurrency investment expert David Hernandez commented: "Bitcoin sell-offs are a sign of a maturing market. Paradoxically, while a sharp correction may dampen short-term enthusiasm, it could also catalyze a healthier market by redistributing supply from concentrated whales and corporations to a broader base of retail and institutional holders, ultimately strengthening Bitcoin's long-term foundation."