Kalshi Traders Bet Bitcoin Will Fall to $77K After 20% Weekly Rally
Bitcoin’s 20% weekly rally has pushed the cryptocurrency above $77,000, but traders on Kalshi expect some of those gains to fade by year-end.
Kalshi contracts put Bitcoin at about $77,000 in December, suggesting traders see limited upside after the recent surge. Before Wednesday’s rally, contracts priced Bitcoin at about $66,000 for year-end, highlighting how quickly expectations have shifted.
Kalshi Traders Temper Bitcoin Outlook
Kalshi contracts track where Bitcoin will finish within $5,000 price bands, with CF Benchmarks data used for final settlement.
Related: How Bitcoin’s Rally Above $77K Impacts Strategy’s MSTR Stock
The rally accelerated after President Donald Trump urged Congress to advance the CLARITY Act. CFTC Chairman Michael Selig has also directed agency staff to prepare rules for crypto markets if lawmakers fail to reach an…
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