Kalshi traders price Bitcoin downside risk

Kalshi traders are reportedly pricing a scenario where $BTC could fall toward $48,000 before year-end.
That forecast highlights how prediction markets are still assigning meaningful probability to another major Bitcoin drawdown.
For traders, the signal is not a guaranteed target.
It is a reminder that bearish tail risk remains active even when short-term crypto sentiment improves.
The key question is whether $BTC can hold key support levels or if macro pressure and weaker liquidity push the market back into a deeper correction.