Decline in debasement trades fuels predictions of BTC drop to $48K

The "debasement trade," a strategy centered on betting against the value of fiat currencies, is rapidly unwinding, Walter Bloomberg reported. According to data from Polymarket, this trend has led to a surge in predictions that Bitcoin (BTC) could fall to as low as $48,000 by the end of the year as investors liquidate these positions. Meanwhile, capital continues to flow into stocks related to artificial intelligence (AI) and semiconductors.