The Bitcoin (BTC) price jumped 5.16% over the last day, landing at $61,625.53. The whole crypto market moved up with it.
What changed was the Federal Reserve sounded less worried about inflation. That calmed people down and made them more willing to take risks again. On top of that, traders who had bet against Bitcoin got forced out of their positions, they had to buy back in, which pushed prices even higher.
So Bitcoin’s back above $61,000. But don’t expect people to start acting like $100,000 is right around the corner. Over on Kalshi, a prediction market, bettors give it only a 13% chance of hitting six figures before 2027. Most people figure that milestone is still a year and a half away, at minimum, even with this rally.
People see this move differently. Some think good or bad news could flip the mood fast. Others argue Bitcoin might have already bottomed out, but they also point out a harsh reality: if it dropped to $50,000 tomorrow, it would need to double just to get back to $100,000.
That’s a tough climb. Then there’s a third group that thinks Bitcoin will just bounce around in a big range for a while, maybe not making a serious run at new highs until 2027.
The real trigger came from Fed Chair Kevin Warsh. Speaking at the ECB Forum on July 2, he said inflation risks had cooled off more than expected. That made investors back off their bets on more rate hikes.
Money flowed back into things that do well when rates stay low, and crypto was one of the biggest winners. The whole market jumped over 4% in value, with Bitcoin out in front.
Derivatives markets added fuel to the fire too. In the last day alone, $141.76 million worth of Bitcoin positions got liquidated. Most of that, $120.34 million, came from shorts, people betting the price would fall.
When they got squeezed, they had to buy Bitcoin to close their losing trades. That extra demand helped drive the rally. The numbers show that too many traders were leaning bearish and got blindsided when prices turned around.
Related Bitcoin News: As Bitcoin Reclaims $60K, Multiple Top Cryptos (XRP, Solana) Flash Monthly Buy Signals
The Bitcoin price has regained momentum after reclaiming the $61,000 level, but Kalshi’s 13% probability shows prediction market participants remain unconvinced that six figures will arrive before 2027.
Prediction markets measure where traders are putting money, not guaranteed outcomes, and those probabilities can change quickly as new economic data arrives.
For now, the next few months may carry more weight than today’s rally. Inflation reports, Federal Reserve policy decisions, institutional demand, and labor market data will likely determine whether the Bitcoin price can extend this recovery.
If macro conditions continue improving and buying demand remains steady, the odds priced into Kalshi could rise. If economic data weakens confidence or the market loses momentum, traders may continue pricing a much longer path to $100,000.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
The post Bitcoin $100K Before 2027? Kalshi Traders Say Odds Are… appeared first on CaptainAltcoin.


