Bitcoin Nears $58,000 on Kalshi: Is the ETF Bleed Dragging Bulls to Their Knees?
Overview Bitcoin (BTC) has been under sustained pressure throughout June 2026, trading below $63,000 and sitting more than 50% below its October 2025 all-time high of $126,198. On the regulated U.S. prediction market Kalshi, odds on Bitcoin falling to $58,000 before the end of June have surged sharply, as traders reprice downside risk amid a sixth consecutive week of net outflows from U.S. spot Bitcoin ETFs. This article breaks down the mechanics behind the sell-off — from Federal Reserve policy