Heading into the Thanksgiving holiday, crypto traders could give thanks that Bitcoin’s price was clawing back major losses. But then Bitcoin plummeted again on Monday following the break. Now bettors on Kalshi, one of the biggest prediction markets, have knocked down its chance of crossing $100,000 by the end of the year—giving it around a 24% chance of hitting that mark compared to 60% at the outset of the holiday.

Kalshi and other prediction market forums like Polymarket and Robinhood are viewed as highly accurate indications for a wide variety of future events, though the odds they post are constantly in flux.

When it comes to crypto, other bets on Kalshi reflect a bearish outlook for the sector. This includes 63% of bettors wagering that Bitcoin will dip below $80,000 this year. Even

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