Prediction market traders bet bitcoin's selloff has further to run
Prediction market traders are increasingly betting on a further decline in bitcoin prices. Current estimates suggest a 66% chance that bitcoin will fall below $55,000 this year, with a 50% chance of dipping under $50,000. This bearish sentiment is fueled by significant outflows from U.S. bitcoin ETFs and a shift in investor interest towards AI stocks.
- ▪Traders assign a 66% probability that bitcoin drops below $55,000 this year.
- ▪There has been a record-breaking outflow of $2.4 billion from U.S.-listed BTC ETFs in May.
- ▪Investors are increasingly moving capital into stablecoins like USDT and USDC instead of leaving crypto altogether.
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| Canonical URL | https://www.coindesk.com/markets/2026/06/03/kalshi-traders-bet-bitcoin-s-selloff-has-further-to-run |
| Publication time | Wed, 03 Jun 2026 06:23:19 +0000 |
| Retrieval time | 2026-06-03T06:41:57.977Z |
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailPrediction market traders bet bitcoin's selloff has further to runMarkets now imply a 66% chance bitcoin falls below $55,000 and a coin-flip chance of sub-$50,000 prices before year-end.By Sam Reynolds|Edited by Omkar Godbole Jun 3, 2026, 6:23 a.m. 2 min readMake preferred on (Unsplash/mana5280)What to know: Prediction market traders see a strong chance chance that bitcoin falls below $55,000 this year, with meaningful odds it could drop under $40,000.Heavy outflows from U.S.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CoinDesk.
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