Bitcoin $100K Odds Rise to 60% on Kalshi Exchange
Prediction market data from Polymarket shows updated trader odds for Bitcoin’s price targets, reflecting shifting sentiment on potential highs and lows before year-end.
BTC
Summary
On December 10, Polymarket traders assigned a 40% probability that Bitcoin will reach $100,000 this year, compared to 50% on December 4. Odds for Bitcoin hitting $110,000 stood at 12%, while the probability of it falling below $80,000 was 24%. These figures indicate a decline in bullish expectations compared to the earlier December data, highlighting ongoing changes in trader sentiment within the prediction market.
Terms & Concepts
- BTC: Ticker symbol for Bitcoin, the largest cryptocurrency by market capitalization.
- Polymarket: A blockchain-based prediction market platform allowing users to bet on real-world events using cryptocurrency.