TOTAL VOLUME:
$147.8b
24H VOL:
$153,964,051
24H TRANSACTIONS:
2,815,744,871
OPEN INTEREST:
$1,809,858,743
498,684
Markets across
37,244
events
MATCHED EVENTS:
2,831
PLATFORM COVERAGE:
5
Polymarket:
38%
VS.
Kalshi:
62%
Closed: Oct 23, 12:11 PM EST
Polymarket
This market tracks whether the price of Bitcoin will be above $78,000 on October 23rd, as measured by the Binance BTC/USDT trading pair. Currently, the aggregated probability across Opinion and Polymarket indicates a 100.0% chance of this outcome. Resolution will be based on the ‘Close’ price of the Binance BTC/USDT 1-minute candle at 12:00 ET on October 23rd. Keep an eye on trading volume and price action leading up to October 23rd, as the closing price of that candle will determine the outcome of this market.
This market will resolve to "Yes" if the Binance 1 minute candle for BTC/USDT closing at 12:00 in the ET timezone (noon) on the date specified in the title has a final "Close" price higher than the price specified in the title. Otherwise, this market will resolve to "No". The resolution source for this market is Binance, specifically the BTC/USDT "Close" prices currently available at https://www.binance.com/en/trade/BTC_USDT with "1m" and "Candles" selected on the top bar. Please note that this market is about the price according to Binance BTC/USDT, not according to other exchanges or trading pairs. Price precision is determined by the number of decimal places in the source.
This market will resolve to "Yes" if the Binance 1-minute candle for BTC/USDT at 12:00 PM ET (noon) on the date specified in the title has a final "Close" price on the specified side of the price specified in the title — for an "above" market, a "Close" higher than that price; for a "below" market, a "Close" lower than that price. Otherwise, this market will resolve to "No". The resolution source for this market is Binance, specifically the BTC/USDT "Close" prices currently available at https://www.binance.com/en/trade/BTC_USDT with "1m" and "Candles" selected on the top bar. Please note that this market is about the price according to Binance BTC/USDT, not according to other exchanges or trading pairs. Price precision is determined by the number of decimal places in the source.
Prediction market odds, like those found in this market, often reflect a more nuanced view of future price movements than traditional spot price expectations. Spot prices represent the current market value, while prediction markets aggregate diverse opinions about future events. The implied probability from this market, combined with the total volume of $1,460,106, can offer insight into how traders perceive the likelihood of Bitcoin reaching a certain price point. This differs from simple speculation, as traders have 'skin in the game' and are incentivized to provide accurate forecasts, potentially leading to more informed price discovery.
Polymarket and Opinion can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Differences in pricing between Polymarket and Opinion for this market can arise from several factors. Each platform attracts a different user base with varying risk appetites and information sets. Polymarket may have a higher concentration of sophisticated traders, while Opinion might include more casual participants. Furthermore, the liquidity and trading volume on each platform can impact price discovery. Even slight differences in market design or user interface can lead to divergent opinions and, consequently, differing prices for the same event – in this case, the Bitcoin price on October 23. These factors contribute to a nuanced view of the potential outcome.
Several signals or events could significantly impact this market. Major news regarding Bitcoin regulation, adoption by institutional investors, or macroeconomic factors like inflation and interest rate changes could all influence trader sentiment. Unexpected developments in the broader cryptocurrency market, such as hacks or security breaches, could also create volatility. Furthermore, technical analysis of Bitcoin’s price chart and on-chain metrics may drive trading activity. Any significant shift in these areas could lead to substantial changes in the odds offered in this market, potentially creating new opportunities for informed traders.