Kalshi Traders Bet Big on Bitcoin to Hit $85,000 This Month

Despite a recent market correction that saw Bitcoin's price drop below $80,000, traders on Kalshi remain bullish on the asset. According to data from the crypto market prediction platform Kalshi, investors are betting on further upside movements in Bitcoin this September.

The latest prediction shows that traders expect Bitcoin to reach $82,000 by the end of this month, with a current price of around $79,000 as of September 5th. This suggests an expected surge of at least 8% from its current level.

While some may see this as an optimistic outlook, it's worth noting that Kalshi traders are known for their bullish sentiment on Bitcoin. If the prediction comes true, it would mean another profitable month for investors and extend the bullish trend seen last month.