How high will Bitcoin get in February?
Short Answer
1. Executive Verdict
- Bitcoin options show significant demand for downside protection.
- Long-term holders are realizing losses on recent Bitcoin sales.
- Robust stablecoin liquidity counteracts institutional deleveraging from ETFs.
- Cooling inflation and Fed signals could drive bullish market momentum.
- Persistent high inflation deters investment in risk assets like Bitcoin.
- Negative regulatory actions or global economic slowdown pose bearish risks.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Above $80,000.00 | 7.0% | 4.0% | Strong institutional demand from spot ETFs continues to drive price appreciation. |
| Above $85,000.00 | 3.0% | 2.0% | Anticipation of the halving event combines with sustained ETF inflows to push new highs. |
| Above $82,500.00 | 5.0% | 3.0% | Accelerated ETF inflows and increasing retail interest fuel a significant market rally. |
| Above $90,000.00 | 2.0% | 1.0% | Macroeconomic tailwinds, including dovish Fed sentiment, encourage aggressive capital allocation. |
| Above $97,500.00 | 1.0% | 0.3% | A substantial influx of new capital, possibly from a large institutional entry, ignites a parabolic move. |
Current Context
2. Market Behavior & Price Dynamics
Historical Price (Probability)
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
📉 February 10, 2026: 10.0pp drop
Price decreased from 32.0% to 22.0%
Outcome: Above $80,000.00
📈 February 08, 2026: 9.0pp spike
Price increased from 25.0% to 34.0%
Outcome: Above $80,000.00
📉 February 07, 2026: 12.0pp drop
Price decreased from 38.0% to 26.0%
Outcome: Above $80,000.00
📈 February 06, 2026: 15.0pp spike
Price increased from 19.0% to 34.0%
Outcome: Above $80,000.00
📉 February 05, 2026: 30.0pp drop
Price decreased from 45.0% to 15.0%
Outcome: Above $80,000.00
4. Market Data
Contract Snapshot
This market resolves to YES if the price of Bitcoin reaches or exceeds its specified target price at any point before or on February 28th. Conversely, it resolves to NO if Bitcoin's price never touches or surpasses that target during the market's duration. Settlement is based on data from Kalshi's designated price source, typically occurring shortly after the February 28th deadline.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Implied probability |
|---|---|---|---|
| Above $80,000.00 | $0.07 | $0.95 | 7% |
| Above $82,500.00 | $0.05 | $0.96 | 5% |
| Above $85,000.00 | $0.03 | $0.98 | 3% |
| Above $87,500.00 | $0.02 | $0.99 | 2% |
| Above $90,000.00 | $0.02 | $0.99 | 2% |
| Above $92,500.00 | $0.01 | $1.00 | 1% |
| Above $95,000.00 | $0.01 | $1.00 | 1% |
| Above $97,500.00 | $0.01 | $1.00 | 1% |
Market Discussion
Discussions surrounding Bitcoin's potential in February 2026 initially saw some optimistic viewpoints, with experts noting February's historical bullish trends and suggesting a potential rise to $98,000-$101,000 if it cleared key resistance levels, supported by a Federal Reserve pause and potentially positive ETF flows [^]. However, as the month progressed, sentiment shifted dramatically towards "extreme fear" and caution following significant price corrections from its October 2025 peak and January 2026 highs, with many analysts and prediction markets indicating low odds of Bitcoin reclaiming $100,000 and instead forecasting a trading range between $64,000 and $75,000 due to institutional outflows and macroeconomic pressures [^]. While some long-term predictions for 2026 remain highly bullish, envisioning targets of $150,000 or more, the immediate February outlook became largely pessimistic, reflected in social media discussions and a spike in "Bitcoin going to zero" searches [^].
5. What is Bitcoin's Short-Term Price Potential After Recent Volatility?
| BTC moved to cold storage | 66,940 BTC ($4.7 billion) on February 6, 2026 [^] |
|---|---|
| Whale Inflows to Binance | ~38,100 BTC (~48.5% of total) in early February [^] |
| US Spot BTC ETF Outflows | $1.9 billion YTD 2026 [^] |
6. What Does Bitcoin's Negative Options Skew Signal for Feb 2026?
| Current 25-Delta Risk Reversal | -12.3% (February 28, 2026 expiry) [^] |
|---|---|
| Historical Median Risk Reversal | -7.8% (2023-2025 median) [^] |
| Net Institutional Put Contracts Added | Over 23,000 [^] |
7. Is Bitcoin's LTH-SOPR Signaling Early Market Capitulation in February 2026?
| Current LTH-SOPR Value | 0.83-0.88 [^] |
|---|---|
| 7-Day LTH-SOPR EMA | Below 1.0 (first since May 2022) [^] |
| LTH-SOPR Cycle High | Near 2.0 (annual average 1.87) [^] |
8. How Are Stablecoins Counteracting Bitcoin ETF Outflows Amid Price Consolidation?
| Net Stablecoin Supply on CEXs | Approximately $87.5 billion (USDT and USDC) [^] |
|---|---|
| YTD US Spot Bitcoin ETF Outflows | $2.5 billion - $3.8 billion [^] |
| Bitcoin Price Range | $67,000-$68,500 [^] |
9. What Bitcoin Options Dynamics Point to Volatility Risk in February 2026?
| Max Pain Price (End-of-Month Feb 2026) | $68,000 to $70,000 [^] |
|---|---|
| Critical Gamma Threshold | $65,000 [^] |
| Prediction Market Bearish Probability | 71% probability of Bitcoin falling below $65,000 this year [^] |
10. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: March 08, 2026
- Closes: March 01, 2026
11. Decision-Flipping Events
- Trigger: The market for Bitcoin is highly sensitive to shifts in macroeconomic conditions and regulatory environments.
- Trigger: Bullish momentum could be driven by cooling inflation and signals from the Federal Reserve hinting at future interest rate cuts.
- Trigger: Additionally, crypto-friendly legislation, such as the US "Clarity Act," or supportive international regulatory developments, like Hong Kong's planned stablecoin licenses, could provide greater certainty and attract institutional investment [^] .
- Trigger: Conversely, persistent high inflation and a hawkish Federal Reserve stance emphasizing "higher for longer" interest rates would likely deter investment in risk assets, including Bitcoin.
13. Historical Resolutions
Historical Resolutions: 8 markets in this series
Outcomes: 2 resolved YES, 6 resolved NO
Recent resolutions:
- KXBTCMAXMON-BTC-26JAN31-97500: YES (Jan 14, 2026)
- KXBTCMAXMON-BTC-26JAN31-95000: YES (Jan 13, 2026)
- KXBTCMAXMON-BTC-26JAN31-112500: NO (Feb 01, 2026)
- KXBTCMAXMON-BTC-26JAN31-110000: NO (Feb 01, 2026)
- KXBTCMAXMON-BTC-26JAN31-107500: NO (Feb 01, 2026)
Get Real-Time Research Updates
Sign up for early access to live reports, historical data, and AI-powered market insights delivered to your inbox.