Bitcoin Slumps to New Low After Strategy Sell-off, Traders Predict Further Decline

On Tuesday, Bitcoin’s price fell to its lowest level since early April, reaching $60,062, after crypto-treasury firm Strategy sold a small portion of its Bitcoin holdings. The sell-off intensified a broader market decline, pushing the flagship cryptocurrency below the $60,000 threshold for the first time since February 2026. The price movement marked the first instance of Bitcoin trading with a four-digit figure in front of its price since August 2024.

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The price drop occurs amid a prolonged “crypto winter,” a period characterized by sustained low valuations across digital assets. Bitcoin’s price has remained above $40,000 since August 2024, but the recent dip to $60,062 represents a contraction toward the lower end of that range. The market has not seen a four-digit price prefix for Bitcoin in over a year, underscoring the depth of the current downturn.

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Traders on the prediction-market platform Kalshi assessed the situation as indicating further downside potential. Participants assigned an approximately 80 % probability that Bitcoin will fall below $60,000 at some point in 2026, and a 52 % probability of a decline beneath $50,000 within the current calendar year. Kalshi users described the environment as a “crypto winter” with “more room to fall,” reflecting heightened bearish expectations.

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• Current low: $60,062 (early April 2026 benchmark)

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• Probability of sub-$60,000 price in 2026: ~80 % (Kalshi)

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• Probability of sub-$50,000 price in 2026: 52 % (Kalshi)

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• Last four-digit price prefix: August 2024 (above $40,000)

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• Strategy’s recent sale: described as a “small amount” of its Bitcoin holdings (exact quantity not disclosed)

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If Bitcoin sustains a price below $60,000, it would establish a new low relative to February’s levels, potentially influencing investor risk assessments and portfolio allocations. A breach of the $50,000 mark, as projected by a slight majority of Kalshi traders, could deepen market pessimism and affect liquidity in related cryptocurrency markets. The price trajectory may also shape future trading strategies for participants monitoring prediction-market odds.

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The source does not provide official statements from Strategy, regulatory bodies, or other market participants, leaving a gap in confirmed motivations behind the sell-off and broader institutional perspectives. No further details were released.

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Analysts will continue to track Bitcoin’s price relative to the $60,000 and $50,000 thresholds, while Kalshi’s prediction market is expected to update probabilities as new data emerge. Market participants are likely to watch for additional sell-offs or buying activity that could alter the current bearish outlook.

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