TOTAL VOLUME:
$134.2b
24H VOL:
$126,324,530
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,434,646,834
406,019
Markets across
30,401
events
MATCHED EVENTS:
2,689
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 4, 5:00 PM EST
Kalshi
This market tracks whether Bitcoin will trade above $51,499.99 at 5 PM EDT on July 4, 2026, based on the sixty-second average of CF Benchmarks' Bitcoin Real-Time Index immediately preceding that timestamp. On Kalshi, the leading outcome currently stands at 99.5%. Resolution will be determined by CF Benchmarks' official BRTI data collected during the final minute before the 5 PM EDT deadline on July 4, 2026.
Resolution is based on the simple average of sixty seconds of CF Benchmarks' Bitcoin Real-Time Index (BRTI) collected immediately before 5 PM EDT on July 4, 2026. Each outcome corresponds to a specific price threshold, with resolution occurring if the 60-second average exceeds the threshold specified for that outcome. The official price source is CF Benchmarks' RTI, not alternative sources like Google or Coinbase. At expiration, 60 individual RTI prices are collected and averaged to produce the final value used for resolution.
Prediction market odds on this market often diverge from current spot prices because they embed forward-looking expectations about volatility, macroeconomic shifts, and regulatory developments over the next 18+ months. While spot exchanges reflect immediate supply and demand, prediction markets price in tail risks and consensus long-term scenarios. Comparing the implied probabilities here to analyst price targets and institutional forecasts reveals whether traders expect Bitcoin to appreciate, depreciate, or consolidate by July 2026. This divergence is a feature, not a flaw—it captures information that spot prices alone cannot.
On Kalshi, this market is priced through a continuous order-book mechanism where traders buy and sell shares representing different Bitcoin price brackets at 5pm EDT on July 4, 2026. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Each share reflects a discrete outcome range, and the market price of each outcome updates in real time as new orders flow in. Traders profit if their chosen price bracket occurs; the platform's matching engine ensures transparent price discovery. Liquidity and spreads vary by outcome popularity, so less-traded price levels may show wider bid-ask gaps than consensus outcomes.
This market resolves around Jul 4, 2026, once the Bitcoin price at 5pm EDT on July 4, 2026 is verifiable from credible public sources. The outcome is determined by the price recorded at that specific moment, confirmed through established financial data providers and exchanges. Traders holding shares in the correct price bracket receive their payout automatically. Resolution is final once the timestamp passes and the price is locked in, ending all trading activity on this event.
Major catalysts include Federal Reserve policy shifts, inflation data, geopolitical tensions affecting risk appetite, and Bitcoin-specific developments like regulatory clarity or institutional adoption announcements. Macroeconomic recessions or rallies, stock market volatility, and changes in real interest rates historically correlate with Bitcoin price swings. Technological upgrades to the Bitcoin network, large corporate or government holdings, and shifts in stablecoin demand can also reshape long-term price expectations. Traders monitor these signals continuously to adjust positions ahead of the July 2026 resolution date.