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Crypto

Kalshi Traders Predict $92,000 Bitcoin Target Amid Rising ETF Demand

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BTC
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Traders on prediction market Kalshi are forecasting that Bitcoin will reach $92,000 this month following its recent breakout. This comes as data shows strong demand for U.S. spot Bitcoin ETFs.

The second-largest monthly inflow of net capital into U.S. spot BTC ETFs was recorded in September at $2.65 billion according to SoSoValue data.

Market sentiment has shifted, with the Crypto Fear & Greed Index standing at 72, placing it in 'greed' territory.

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