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Jacob King, CEO at WhaleWire, warns that Bitcoin is now expected to fall below $50,000 this year.
According to King, there is a record high 65% probability of Bitcoin dropping below $50,000 in 2026.
Earlier this year, King reported that Strategy recorded a record $12 billion unrealized Bitcoin loss following a major BTC sale. He also noted that Strategy shares dropped more than 10 percent as Bitcoin sales accelerated. The earlier warnings come as the latest forecast signals an increased risk for Bitcoin prices.