Bitcoin’s Nightmare: Plummeting Prices, Massive Hacks, and Broken Promises—Is $60K Inevitable?
Bitcoin is in free fall, and prediction markets have turned brutal. Just five days ago, traders were betting on a six-figure BTC—now, odds are stacking up against it even holding $60,000 in 2025.
🔻 Since February 23, Bitcoin’s price forecast has dropped by $18,000, with the odds of hitting $150K before 2026 collapsing from 55% to just 29%, according to Kalshi.
What’s behind the panic? A perfect storm of macroeconomic fears, a record-breaking hack, ETF outflows, and Trump’s unfulfilled crypto promises has sent Bitcoin spiraling 28% from its all-time high of $109,000 in just over a month.
Macroeconomic Fears: Trump’s Tariffs Spook Investors
📉 The Nasdaq 100 Index is down 7% since February 19, triggering a flight to safety in U.S. Treasuries—and dragging Bitcoin down with it.
📉 Investors are rattled by Trump’s aggressive trade tariffs, which could disrupt global markets.
📉 “This drop is tied to fears over Trump’s trade policies and geopolitical uncertainty,” says BTC Markets CEO Caroline Bowler.
Bybit’s $1.5B Hack—The Largest in Crypto History
💥 On February 21, a $1.5 billion exploit at Bybit, linked to North Korea’s Lazarus Group, shattered market confidence.
💥 Unlike past hacks, this one targeted a cold wallet, considered the safest form of crypto storage.
💥 “Confidence got shattered—$1.5 billion is a lot of money,” said Zaheer Ebtikar of Split Capital.
Bitcoin ETF Outflows Hit Record Levels
📊 $3.3 billion exited spot Bitcoin ETFs in February, the largest monthly withdrawal since they launched in January 2024.
📊 This exodus has crippled hedge fund arbitrage trades, further accelerating selling pressure.
📊 March BTC futures premiums dropped to 5.7%, the lowest since July 2024, signaling a weak market outlook.
Trump’s Crypto Promises Fall Apart—Traders Lose Hope
🚨 Bitcoin surged in late 2023 on expectations of Trump’s pro-crypto policies, but so far, his administration has failed to deliver.
🚨 His Bitcoin Strategic Reserve plan has stalled in Congress, while his executive order on digital assets only called for further studies—far from the game-changing policies traders expected.
🚨 Even pro-Bitcoin states like Montana and Wyoming have voted against Bitcoin reserves, citing volatility risks.
With weak demand, institutional sell-offs, and no rescue in sight, is Bitcoin’s next stop below $60K—or is this just a painful shakeout before another rally?
