Bitcoin’s move above $85,000 has prompted Kalshi traders to increase the odds of the asset reaching $100,000 before January 2027 to 39%, up 22% in the past week. BTC recently traded at $84,265 after gaining about 11% over the same period, leaving it roughly 18.6% below the $100,000 level. Traders now assign a 27% probability to a December move above $100,000 and 17% to one by November. Spot Bitcoin ETFs attracted more than $2.3 billion over four trading days, helping reverse a yearly performance dragged down by a summer decline below $60,000. Kalshi traders are less confident that Bitcoin will set a new record this year: the market gives it a 14% chance of exceeding $119,999 and an 8% chance of surpassing $129,999, compared with last year’s record of $126,080.