Bitcoin price prediction markets turned bearish, with traders on Polymarket and Kalshi putting fresh attention on downside levels.
Bitcoin (BTC) Market Data
| Market Cap | $1.23T |
|---|---|
| Fully Diluted Valuation (FDV) | $1.23T |
| Volume (24h) | $74.89B |
| Volume / Market Cap | 0.0610 |
| Circulating Supply | 20.04M BTC |
| Total Supply | 20.04M BTC |
| Max Supply | 21.00M BTC |
| All-Time High (ATH) | $126,080.00 |
| All-Time Low (ATL) | $67.81 |
Bitcoin‘s recent drop below $67,000 has pushed traders on prediction markets Polymarket and Kalshi back toward lower BTC▼$61,277.00 targets, with the $60,000 and $55,000 levels getting more attention now.
On Polymarket, traders are pricing a 64% chance that Bitcoin hits $55,000 or lower before 2027. The $55,000 line has drawn about $3.3 million in volume, while the broader Bitcoin price market has over $38 million in total volume.
The same Polymarket market also shows a 51% chance of BTC even hitting $50,000, 37% for $45,000 and 29% for $40,000 before 2027.
Read also: Why Is Bitcoin Falling on June 3? Peter Schiff Predicts BTC Price Drop to $20K
The market’s rules say the downside contracts resolve to “Yes” if any Binance one-minute BTC-USDT▲$0.9996 candle records a low at or below the listed price before the end of 2026.
Meanwhile, Kalshi has also shown bearish pricing around Bitcoin’s next downside level.
Traders are pricing a 65% chance Bitcoin falls below $55,000 by the end of 2026, with the outcome measured by the CF Real-Time Index, a Bitcoin pricing benchmark used for crypto derivatives.
Prediction Markets Watch Bitcoin’s Next Leg Down
The turn towards bearishness came following a tough time for BTC that saw it dip below the $67,000 level to reach lows seen since early April. Analysts attributed the downturn to declining demand for BTC, ETF withdrawals and falling spot purchases as well as $1.8 billion+ worth of liquidation of cryptocurrencies on June 2 as per CoinGlass.
The leverage flush also showed how exposed bullish traders were before the drop. More than 272,000 traders were liquidated, with longs accounting for about $1.57 billion of the total, compared with about $215.7 million in shorts.
BTC accounted for more than $833 million in liquidations, followed by ETH▼$1,594.54 with almost $480 million and SOL▼$64.62 with more than $90 million.
Read more: Why Is Crypto Tanking Today? Bitcoin and Altcoins Enter Full Panic Mode
