Kalshi Prediction Market bet that BTC will drop by >50% before the end of the year
I just entered an order on the kalshi prediction market for 250,000 contracts betting that BTC will drop to less than half of its current value before the end of the year. I think this is the largest possible order, and I tried to make it as palatable to the other side by (1) picking the lowest possible price level and (2) improving the existing inside bid by 40%.
Here is a tweet with a link to the market...
https://x.com/bigjoshlevine/status/1839378047222558786
Here is the market itself (you have to scroll down to the $30K price level)...
https://kalshi.com/markets/btcminy/how-low-will-bitcoin-fall-this-year
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