Kalshi prediction-market traders are pricing a 72% probability that bitcoin falls to $72,000 during September, reflecting a bearish turn in sentiment on the regulated platform. The contract offers a way for traders to hedge or speculate on a significant drawdown from current levels. Kalshi has increasingly listed crypto-linked event contracts as part of its expansion beyond political and macro markets.

Shows Kalshi deepening its crypto product line and attracting traders willing to take directional bets on digital assets, a category where Polymarket has historically dominated volume.