FLOOR OR TRAPDOOR? Degens Bet Real Money That Bitcoin Has Already Bottomed, But the Doomers Aren't Leaving, Ser

Every degen alive has typed the words "the bottom is in" at least once, usually right before the bottom fell out from under them. I know I have, ser. My portfolio has the scar tissue. So it was always going to be a fight when a brand-new opinion market on Morfi asked the cursed question straight out: has Bitcoin probably bottomed already, or is there more pain to come?

Some context for the people who muted the charts to protect their mental health. NPR reported that Bitcoin nearly doubled after the November 2024 election, topping out at an all-time high of about a hundred and twenty-six thousand dollars in October 2025. Then came the long walk down. Euronews reported that by June 2026 it had slid as low as roughly sixty-one thousand dollars as long-term holders sold billions in coins. After that it sat in a sad little box for six straight weeks before a sharp short squeeze in August, which pushed it to an intraday high of about seventy-nine and a half thousand, according to Euronews.

Then it wobbled again. Euronews reported in September that Bitcoin slipped below seventy-six thousand after the US Senate blocked the CLARITY Act, a crypto market-structure bill, in a procedural vote. The latest reporting stops around mid-September, so nobody in this market is working with a perfect map. That is exactly why the June low is the line everyone is arguing over: was that the floor, or just a landing on the way down?

The crowd's early answer leans hopeful. "Yes, bottom already formed" sits at 52% consensus with 9 holders, while "No, further downside possible" trails at 48% with 9 holders. That's 14 unique traders putting $1,235,978 behind their opinions, and the market isn't even a day old. Keep in mind that consensus measures how hard each side is backing its call. It is not a headcount.

My take, and it is purely opinion, not financial advice: the bulls have a real argument. A long sideways stretch followed by shorts getting squeezed is the kind of chart that cycle nerds frame and hang on the wall. But the doomers have history on their side, because Bitcoin loves to bring back the people who called the bottom early. A Senate vote knocked the price down within weeks of the rally, which tells me this market still flinches when Washington sneezes. Romantically, I want the floor to be in. Realistically, I've said that on every dip since I learned what a candle was, and look where it got me.

What I'm watching: whether the price holds well above the June lows, where crypto regulation goes after the CLARITY Act setback, and whether the 48% doomer camp gains ground if the next move is down. I already covered the Bitcoin pump-or-pullback brawl, and this one cuts even deeper, because it asks whether the whole drawdown is over. These numbers come from live opinion markets on Morfi, and the market is wide open. Join it, pick floor or trapdoor, and put your conviction where your timeline is. WAGMI, hopefully.