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Kalshi Prediction Market Plans Crypto Perpetual Futures Launch On April 27

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Prediction Market Monthly Transactions. Source: Dune

Kalshi is set to launch cryptocurrency perpetual futures trading on April 27, according to a report from The Information. The move would mark the prediction market platform’s entry into crypto derivatives.

The company, valued at $11 billion, teased the product via a cryptic LinkedIn video. A rotating torus shape appears alongside the word “Timeless” and the April 27 launch date in New York City.

What Kalshi Perpetual Futures Mean for Traders

Perpetual futures allow traders to speculate on asset prices without owning the underlying token. Unlike traditional futures, these contracts have no expiration date.

Positions stay open indefinitely, with a funding rate keeping prices aligned with spot markets.

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The product name carries a clear signal. “Timeless” maps onto a contract designed to run continuously rather than settle on a fixed date.

John Wang, Kalshi’s Head of Crypto, argued in August 2025 that perpetual futures and prediction markets are functionally converging.

Why This Matters

Perpetuals are already the highest-volume product in crypto trading. US-regulated versions have gained traction, with Cboe recently launching Bitcoin and Ether perpetual futures.

Prediction market transactions hit a record 192 million in March 2026.

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Prediction Market Monthly Transactions. Source: Dune
Prediction Market Monthly Transactions. Source: Dune

By merging perpetual futures mechanics with prediction market infrastructure, Kalshi could attract institutional traders. The model offers continuous exposure rather than event-based binary contracts.

The platform operates under CFTC oversight, which may provide a regulatory edge over offshore competitors. Adding perpetual contracts would also let liquidity accumulate continuously rather than dispersing each time an event contract resolves.

The full scope of the product will become clear on April 27.

The post Kalshi Prediction Market Plans Crypto Perpetual Futures Launch On April 27 appeared first on BeInCrypto.

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Crypto World

Bitcoin Short Squeeze Bets Return With Market ‘Heavily Short and Bearish’

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Bitcoin Short Squeeze Bets Return With Market 'Heavily Short and Bearish'

Bitcoin (BTC) sought to match ten-week highs on Tuesday as market participants bet on a new short squeeze.

Key points:

  • Bitcoin is due a fresh short squeeze as funding rates uniquely stay negative as price grinds higher, say market pundits.

  • Short-term targets include a trip to $85,000 in the coming weeks.

  • Bitcoin bulls still need to clear the nearby 21-week trend line keeping price pinned since October 2025.

“Cannon is loaded” for Bitcoin short squeeze

Data from TradingView showed BTC/USD approaching $77,000 for the first time this weekly candle.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

A slight comedown into the Wall Street open meant that price continued to coil below a large area of resistance.

Mixed signals over the US-Iran war continued on the day, with Iran denying that its delegations had arrived in Pakistan for a new round of negotiations with the US. As Cointelegraph reported, markets offered only a muted reaction to the latest closure of the Strait of Hormuz oil route.

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Among Bitcoin traders, a sense of cautious optimism was slowly growing.

“A period of consolidation, but clearly upwards pattern,” crypto trader Michaël van de Poppe wrote in an X post

“This means that there’s likely more upside to come for Bitcoin towards the $85,000 area.”

Van de Poppe gave a time frame of “two to three weeks” for that level to come into focus, reiterating earlier comments about Bitcoin’s correlation with the Nasdaq.

BTC/USDT 1-day chart. Source: Michaël van de Poppe/X

Others focused on ongoing negative funding rates on exchanges, despite price rising.

“We’ve never actually gotten one when the chart was grinding up. NEVER. It only occurred during the local BOTTOMS,” trader Osemka noted on X alongside charts showing past negative funding periods.

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Osemka suggested that “something is brewing beneath” the surface, just as BTC/USD eyed a reclaim of lost support.

Binance BTC/USDT futures 1-day chart. Source: Osemka/X

Responding, crypto market intelligence platform Decode agreed, seeing the potential for another short squeeze.

“What this tells you is that the market is heavily short and bearish, and Bitcoin is setting up for a short squeeze. The cannon is loaded, bulls just need to light the fuse…,” it told X followers.

CME gap thins with BTC up against resistance

Multiple lines in the sand for bulls lie immediately above the spot price.

Related: Bitcoin can grow ‘probably a lot bigger’ than $30T+ gold market — Analysis

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These include the 21-week exponential moving average (EMA), true market mean, and average buy-in price for investors of the US spot Bitcoin exchange-traded funds (ETFs).

BTC/USD one-day chart with 21-week EMA. Source: Cointelegraph/TradingView

Trader Daan Crypto Trades observed that price had also filled the latest weekend “gap” in CME Group’s Bitcoin futures market.

“$BTC Closed a big part of the gap from this weekend but still not everything. Market still just following the headlines and no $STRC raises for now. So we will just patiently wait and see,” he commented.

CME Bitcoin futures one-hour chart. Source: Daan Crypto Trades/X