Prediction markets now assign Bitcoin just a 2% chance of reaching $200,000 by January 2027, a record low for these contracts. On Kalshi, the contract for Bitcoin trading above $200,000 was priced at 2% as of October 2026. Bitcoin was trading near $82,000 to $84,000, requiring the price to more than double to hit that target. Contracts for $90,000 carry a 63% implied probability, while the $100,000 contract sits at 28% odds. Total volume across Polymarket contracts exceeds $74 million.
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