Bitcoin set to slump to new lows for 2026 after recent sell-off, traders forecast
Prediction market Kalshi traders are forecasting Bitcoin will fall below its early February lows, signaling a sustained bearish trend. This sentiment suggests a potential retest of key support levels, creating an opportunity for short-biased trades.
What happened
Prediction market Kalshi traders are forecasting Bitcoin will fall below its early February lows, signaling a sustained bearish trend.
The read · Jun 3
Short BTCUSD, targeting a retest of early February lows as prediction markets signal continued downside.
Wrong if
Unexpected positive regulatory news or a significant institutional buy-in could quickly reverse the trend, invalidating the short thesis.
CoverageSource: CNBC · Published here WED, JUN 3 · 4:06 PM ET · the only report in this recordHow this is decided →
CRYPTO · CRYPTOCRYPTOCNBC
The story1 min read
The read, in fullWhy it matters
Prediction market sentiment, as reported by Kalshi, indicates a high probability of Bitcoin breaking below its recent lows. This collective trader forecast suggests a lack of immediate buying interest and potential for a further correction. A short position targets a move to retest the February lows, which currently sit around the $38,000 range.
The arc● Open · no developments yet
· Published
The read above, as written. kept as written
Next · what would move this
2-4 weeks. Follow to be told when one lands.
Receipts
CNBC — the original4:06 PM
Research, not advice.
Kept as written · your side, if you take one, is graded privately against licensed closes after 10 trading days · nothing here is advice · How the Wire is made →