Kalshi Bitcoin downside contracts retreat as trading concentrates at $50,000 threshold
PredictionMarketPicks, in its 5:00 PM EST snapshot on November 4, ranks the contract asking whether Bitcoin will be below 50,000 dollars by January 1, 2027 as the most-traded crypto contract on Kalshi by 24 hour volume at 6 cents, down 4 cents, on 35,000 contracts traded and 570,000 in open interest. The below 40,000 dollars contract is priced at 3 cents, down 2 cents, on 25,000 contracts.
A Kalshi contract asking whether Bitcoin will be below $50,000 by January 1, 2027 traded at 6 cents, a decline of 4 cents, according to PredictionMarketPicks.
Trading activity and prices
PredictionMarketPicks’ November 4 snapshot, taken at 5:00 PM EST, ranked the contract as Kalshi’s most-traded crypto contract by 24-hour volume. It recorded 35,000 contracts traded and open interest of 570,000.
The Bitcoin below-$40,000 contract was priced at 3 cents, down 2 cents, with 25,000 contracts traded, according to the same summary.
Lower prices for downside outcomes
Both contracts declined in price, indicating a lower market-implied likelihood of their respective below-threshold outcomes. The $50,000 contract nevertheless drew more trading activity than the $40,000 contract.
The report was published on November 4, 2026, at 5:15 PM ET. The supplied snapshot does not identify what drove the price declines or provide Bitcoin’s underlying market price.
What it means for prediction markets
- Downside pricing weakened: The $50,000 contract fell 4 cents to 6 cents, while the $40,000 contract dropped 2 cents to 3 cents.
- Activity centered on $50,000: Its 35,000-contract volume led Kalshi’s crypto contracts over the reported 24-hour period, alongside 570,000 in open interest.
- The snapshot has limits: These figures describe contract pricing and participation at a specific time, not a confirmed change in Bitcoin’s underlying fundamentals.
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