TOTAL VOLUME:
$97.2b
24H VOL:
$205,769,171
24H TRANSACTIONS:
950,106,883
OPEN INTEREST:
$2,078,492,000
827,238
Markets across
14,795
events
MATCHED EVENTS:
884
PLATFORM COVERAGE:
5
Polymarket:
45%
VS.
Kalshi:
55%
$
$20
$50
$100
$500
This market tracks whether Bitcoin's spot price will exceed $100,000 according to the CF Bitcoin Real-Time Index. On Kalshi, the leading outcome—Bitcoin above $100,000 by January 1, 2027 at 12:00 AM ET—stands at 12.0%, while the secondary outcome of Bitcoin surpassing $100,000 by October 1, 2026 at 12:00 AM ET is priced at 5.0%. Resolution hinges on whether the Bitcoin spot price exceeds $100,000 anytime between February 17, 2026 at 4:00 PM ET and October 1, 2026 at 12:00 AM ET according to the CF Bitcoin Real-Time Index. Watch for Bitcoin's price action during the first half of 2026, as any sustained move above $100,000 during the February-to-October window will trigger an immediate Yes resolution.
Resolution is determined by the CF Bitcoin Real-Time Index (BRTI) using a trimmed mean calculation. All BRTI values for each minute during the specified measurement period are collected, the top 20% and bottom 20% of values are removed, and the remaining 60% are averaged to produce the resolution price. The first three outcomes measure from January 5, 2026 at 3:00 PM ET through May 1, June 1, and July 1, 2026 respectively at 12:00 AM ET. The final two outcomes measure from February 17, 2026 at 4:00 PM ET through October 1, 2026 and January 1, 2027 respectively at 12:00 AM ET. Each outcome resolves to Yes if the trimmed mean price reaches or exceeds $100,000 during its measurement window. If the BRTI crosses the threshold at any point, the market resolves immediately. If no data is available at expiration, the market resolves to No.
Prediction market odds on Kalshi reflect traders' collective belief about Bitcoin crossing $100k by the resolution date. These odds differ from spot price analysis because they embed time, volatility, and tail-risk assumptions. While spot price expectations focus on current technical or fundamental valuations, prediction markets price the probability of a specific event occurring within a defined window. Analyst forecasts and on-chain metrics may suggest different timelines than market odds, creating opportunities for traders who believe the true probability diverges from current pricing.
On Kalshi, this event is priced through the top outcome: Will Bitcoin be above $100,000 by July 1, 2026 at 12:00AM ET?, currently trading at 15.0% chance. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Traders buy YES shares if they believe Bitcoin will exceed $100k by that date, or NO shares if they expect it to remain below. The price reflects the cumulative conviction of all market participants. Volume and liquidity on this contract indicate strong interest in near-term Bitcoin price action, with traders positioning across different time horizons and risk tolerances.
Major catalysts include macroeconomic policy shifts, Federal Reserve decisions, and institutional adoption announcements. Bitcoin's correlation with equities and risk sentiment can amplify moves during market stress or rallies. Regulatory developments—particularly around spot ETFs or custody—often trigger sharp repricing. Technical breakouts above key resistance levels and on-chain metrics like exchange inflows signal momentum. Geopolitical events, corporate treasury purchases, and halving cycles historically influence Bitcoin volatility. Traders monitor these signals to adjust positions as conviction around the $100k target strengthens or weakens.
Follow the signals, not the noise
Get insights on market conviction, notable shifts, and what the data is quietly signaling.