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PM Countdown · Bitcoin (BTC)

Bitcoin trading live and graded

Bitcoin now trades in short slices as well as whole coins: up or down contracts that settle every few minutes on prediction markets, hourly price strikes, perpetual futures with leverage, and options on Bitcoin funds. This hub keeps it in one place: the live 15-minute window, every Bitcoin call we’ve made and graded, the settled-window archive, and plain explanations of what each product can cost you. Our desks and archive follow Kalshi’s contracts today, and we add other venues as we cover them. From September 20 to November 3, 2026, 2,115 of 4,276 settled 15-minute windows closed up.

Updated · How we grade

PM Countdown posts every Bitcoin call before it settles and grades it on the market’s own result, misses included. We aren’t affiliated with any exchange or prediction market. How we post and grade calls · Responsible gambling

Posted before they settle

Our Bitcoin calls graded at settlement

Every Bitcoin call we make is on this list, misses included, with the price paid, the stake and the result after Kalshi’s fees.

+$2,160.41Settled, fees counted

5 calls: 2 cashed, 3 open. Fees are counted in every figure.

The calls are Exclusive Tuna’s: Exclusive Tuna’s record · every call on the site · Bitcoin’s 2026 cycle, event by event

Get our calls in one email a day. Misses included, at a set time, nothing else.

The archive

Every window settled and on file

We keep every settled Bitcoin 15-minute window, one page per day, with the price to beat, where Bitcoin settled and how the price moved.

4,276 settled windows from September 20 to November 3, 2026: 2,115 closed up and 2,161 closed down, across 45 days. Oct 29 recorded 88 of its 96 windows. Oct 22 recorded 88 of its 96 windows. Oct 15 recorded 88 of its 96 windows. Oct 8 recorded 88 of its 96 windows. Oct 1 recorded 88 of its 96 windows. Sep 24 recorded 88 of its 96 windows.

Each window is priced on its own. A run of ups tells you nothing about the next one, and what doubling after a loss did on every window shows what following a streak costs.

Learn

Learn it in order four short tracks

Three short-term Bitcoin products, three different risks. Read the table first, then the three lessons in the order below.

Three short-term Bitcoin products compared
Question15-minute up or downHourly strikesPerpetual
When it settlesEvery 15 minutes, around the clockOnce an hourNever; you close it
What you chooseUp or downA strike near the priceLong or short, and leverage
Most you can loseWhat you paid plus the feeWhat you paid plus the feeYour margin, and more if the close slips
Graded on this siteYes: the archive and Agent LoLoYes: our callsNo

Start here

  1. Prices and fees

    What 54¢ means, and why the fee is biggest near 50¢. How Kalshi prices and fees work

  2. How a window settles

    The price to beat, the 60-second average and what a tie does. How Bitcoin 15-minute markets settle

  3. How much to trade

    One unit is a small, fixed slice of money you could lose. How to size a trade: bankroll and units

Perpetuals

Bitcoin perpetuals explained, not traded

A perpetual future has no expiry, moves money between longs and shorts through funding, and uses leverage. Many exchanges list Bitcoin perps. The US-regulated one we cover today is Kalshi’s, trading since June 3, 2026 after the CFTC approved it on May 29, with funding every 8 hours at 9:00 PM, 5:00 AM and 1:00 PM PT.

With leverage, the loss can outrun your stake.

Mining

Bitcoin mining cost and the next halving

What it costs to produce one bitcoin is the floor many traders watch, and the halving is the one scheduled change to supply.

Bitcoin mining calculator

Pick a machine and a power price, and see what one coin costs to mine, all in.

Open the mining calculator

The next halving cuts the block reward in half at block 1,050,000. A height, not a date: our last chain read was .

Where we trade

Where we trade and what the link means

We trade these contracts on Kalshi, an exchange regulated by the CFTC. The button below is a plain link to kalshi.com. It carries no referral code, and Kalshi doesn’t pay us when you sign up, so it changes nothing about your account or our calls.

If a friend who uses Kalshi shares a referral code, how the Kalshi referral bonus works has the rules, checked against Kalshi’s own FAQ.

Questions

Questions people ask answered plainly

What are the ways to trade Bitcoin short term?

Four, mostly: up or down contracts on prediction markets that settle every few minutes or every hour, hourly price strikes, perpetual futures with leverage, and options on spot Bitcoin ETFs through a stock broker. The contracts pay $1 or $0 at a set time; a perpetual has no expiry and can be liquidated; a bought option can lose at most what you paid for it. How contract prices and fees work is the place to start.

What is the Bitcoin 15-minute up or down market?

A contract that asks whether Bitcoin finishes at or above the price to beat when the 15-minute window closes. A new window opens every 15 minutes, around the clock. How Bitcoin 15-minute markets settle.

Is there a 5-minute Bitcoin up or down market?

Yes. Polymarket lists Bitcoin up or down markets from 5 minutes out to a year. Polymarket.com blocks US traders and points them to a separate US app, so check which one you can use where you live. Our live desk and archive follow Kalshi's 15-minute windows today.

What price settles Kalshi's 15-minute Bitcoin contract?

A 60-second average of the CF Benchmarks Bitcoin Real-Time Index over the final minute, not the last trade on one exchange, so one spike in the last second can't decide it alone.

What happens if Bitcoin finishes exactly at the price to beat?

It resolves up. The strike is “at or above”, so a tie goes to YES.

Is Kalshi's Bitcoin price the same as Coinbase's?

No. Coinbase is one of the exchanges inside the CF Benchmarks index, so the two track closely but can differ. Our desk chart draws Coinbase candles and says so.

How much is Kalshi's fee on a Bitcoin contract?

The taker fee is 0.07 × contracts × price × (1 − price), rounded up per order. At 50¢ that is 1.75¢ a contract, the most it gets. The fee, worked through.

How often does Bitcoin close up in a 15-minute window?

From September 20 to November 3, 2026, 2,115 of 4,276 settled windows closed up. Each window is priced on its own, so a run of ups tells you nothing about the next one. Every settled window.

Can you trade Bitcoin perpetual futures on Kalshi?

Yes. The CFTC approved Kalshi's Bitcoin perpetual on May 29, 2026, and it began trading on June 3, 2026. Access needs a separate application. Leverage changes with position size and side, so the number on your own order ticket is the only one that counts. We explain perps and never grade a position on one.

When is funding charged on Kalshi's Bitcoin perpetual?

Every 8 hours: 9:00 PM, 5:00 AM and 1:00 PM PT. Each charge is capped at 2% either way, and a rate under 0.01% is set to zero. The cap is a ceiling, not the usual charge.

Who is Agent LoLo?

An AI agent that calls Bitcoin 15-minute windows live on our desk and keeps every call and every miss on a public log. Watch him on the 15-minute desk.

Is PM Countdown affiliated with an exchange?

No. We aren't affiliated with Kalshi, Polymarket or any exchange or broker. Our Kalshi links are plain links with no referral code, and Kalshi doesn't pay us when you sign up. How we post and grade calls.

Can I trade Kalshi's Bitcoin markets in my state?

Kalshi says access must be lawful where you are, and state rules are changing. Check Kalshi's own eligibility page before you sign up rather than trusting a third-party list.

Where these numbers come from

Computed on this page. Counted on this page from our settled-window archive: the window, up and down totals, the date range and the latest day. Every call card is read from our ledger, fees counted, when the page is built.

What we could not verify, and therefore left out

  • Whether every hourly Bitcoin contract settles on the same 60-second average. We confirmed it for the 2:00 PM PT contract only, so this page doesn't say it for the rest.
  • Agent LoLo's running record. His numbers go on this page once his own pages and this one say the same thing.
  • Kalshi's perpetual fee rates, which are tiered by volume. We link the schedule instead of printing a rate.

Only risk what you can afford to lose. These pages are information, not advice. Kalshi users can set funding caps and opt-outs in the Responsible Trading Hub. Gambling problem? Call or text 1-800-MY-RESET. Responsible gambling guide