The probability of Ethereum falling below $1600 by the end of February on Polymarket has dropped to 44%.

Foresight News reports that the probability of betting on Ethereum falling below $1,600 by the end of February on Polymarket once surged above 60%, now it has fallen back to 44%. The market trading volume is approximately $560,000; the probability of betting on Bitcoin rising more than $8,500 by the end of February has dropped to 11%. When the market was created at the beginning of the month, the probability was 92%. The market trading volume is approximately $2.14 million.