Will Bitcoin close a daily candle at or below $58,000 before 1 September 2026?
Bitcoin trades near $62,585 on Binance as of 3 August 2026, with a 24-hour low of $62,300. The $58,000 level sits about 7% below the current price. August has historically been one of Bitcoin's weaker months, with a median return of roughly -7.5%, and the asset recently traded near a 21-month low. US spot Bitcoin ETFs recorded $265 million in net outflows on 31 July, led by $122.66 million from BlackRock's IBIT, and aggregate ETF assets under management fell from $104 billion to $80 billion over the year. This market assesses whether Bitcoin will break below $58,000 on a daily closing basis before the end of August.
Conditions
Resolves Yes if the BTC/USDT spot pair on Binance records a daily candle close at or below 58,000.00 USDT on any day from 3 August 2026 through 31 August 2026 inclusive, using Binance UTC daily candles (00:00:00-23:59:59 UTC). Resolves No otherwise. Only completed daily candles on the BTC/USDT spot pair on Binance count. Intraday lows, wicks that do not close below the level, prices on other exchanges, other quote currencies, futures or perpetual contracts, and index or aggregated price feeds do not count.
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