Crypto event contracts on several exchanges saw $2.7 billion in trading volume last week, a record high, with almost all the money betting on whether Bitcoin would rise or fall over 15 minutes.
Big money has flocked to prediction markets to bet on short-term price moves instead of buying spot.
The money’s all being siphoned away, and nobody’s pushing up the $BTC spot market.
Big money has flocked to prediction markets to bet on short-term price moves instead of buying spot.
The money’s all being siphoned away, and nobody’s pushing up the $BTC spot market.