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