{
  "$schema": "https://clearmarket.fyi/schema/signal/v1.json",
  "record_id": "CMSIG2026062407",
  "record_slug": "btc-above-100k-by-dec-31-kalshi-ladder-below-18-2026-06-24",
  "schema_version": "v0.2.0",
  "provenance_version": "0.2.0",
  "published_at": "2026-06-24T04:33:03.000Z",
  "semantic_title": "Bitcoin above $100K by year-end pricing fractures below 20 percent",
  "telemetry": "Kalshi ladder",
  "headline": "BTC above $100K by Dec 31: Kalshi ladder below 18%",
  "category_tag": "MOMENTUM_REPRICING",
  "secondary_tags": [],
  "detection_path": "news_cycle",
  "pre_news_classification": "concurrent",
  "target_event_id": "CM-EVT-0MWN62PNG9",
  "target_event_slug": "kxbtcmaxy-26dec31",
  "event_question": "Bitcoin price above $99,999 by Dec 31, 2026",
  "linked_event_ids": [],
  "primary_market": {
    "platform": "kalshi",
    "platform_market_id": "KXBTCMAXY-26DEC31-99999.99",
    "question_raw": "Will Bitcoin be above $99,999.99 by Dec 31, 2026 at 11:59 PM ET?",
    "current_price": 0.18,
    "volume_24h_usd": 490.69,
    "arbitration_model": "kalshi_staff",
    "resolution_source": "CF Benchmarks",
    "resolves_at": "2027-01-01T04:59:00Z"
  },
  "related_markets": [],
  "bullets": [
    "Kalshi ladder puts only 18% on Bitcoin exceeding $100K by year-end, with odds falling sharply to 4% above $150K.",
    "Bitcoin trading near $62K amid a chip-stock-driven risk-off move is consistent with the market pricing a large gap to the $100K threshold.",
    "The end-of-June BTC above $75K ladder (CM-EVT-3MXSH7KHK5) shows just 8% probability, confirming near-term weakness feeds the year-end discount.",
    "Resolves via Kalshi at 11:59 PM ET on Dec 31, 2026; a sustained recovery through $100K from current levels would require roughly a 60% rally."
  ],
  "atomic_claims": [
    {
      "type": "news_event",
      "field_provenance": {
        "story": {
          "tier": "mediated",
          "method": "exa_search",
          "source": "coindesk.com",
          "source_url": "https://www.coindesk.com/markets/2026/06/24/bitcoin-drops-toward-usd62-000-as-the-chip-selloff-deepens-for-a-second-day",
          "retrieved_at": "2026-06-24T10:45:49+00:00"
        }
      },
      "significance": {
        "threshold": 5,
        "threshold_unit": "rank",
        "passed": true,
        "reason": "surfaced in the daily Exa news-cycle scan; mechanically matched to an active kalshi market"
      },
      "story": "Bitcoin dropped toward $62,000 as a semiconductor stock selloff deepened risk-off sentiment across crypto markets.",
      "publisher": "coindesk.com",
      "published_at": "2026-06-24T04:33:03.000Z",
      "source_url": "https://www.coindesk.com/markets/2026/06/24/bitcoin-drops-toward-usd62-000-as-the-chip-selloff-deepens-for-a-second-day"
    },
    {
      "type": "pm_response",
      "field_provenance": {
        "notes": {
          "tier": "editorial",
          "method": "llm_judge_cm_signal_v1"
        }
      },
      "notes": "Kalshi's year-end ladder and the end-of-June above-$75K contract (8%) jointly anchor Bitcoin well below the $100K level, consistent with the current spot selloff."
    }
  ],
  "sources": [
    {
      "label": "coindesk.com: BTC price news: Bitcoin drops to $62,000 as the chip selloff deepens f",
      "url": "https://www.coindesk.com/markets/2026/06/24/bitcoin-drops-toward-usd62-000-as-the-chip-selloff-deepens-for-a-second-day",
      "published_at": "2026-06-24T04:33:03.000Z",
      "retrieved_at": "2026-06-24T10:45:49+00:00"
    }
  ],
  "field_provenance": {
    "pm_data": "kalshi_api",
    "news_context": "exa_search",
    "editorial_judgment": "cm_signal_llm_judge"
  },
  "canonical_urls": {
    "html": "https://clearmarket.fyi/signals/btc-above-100k-by-dec-31-kalshi-ladder-below-18-2026-06-24/",
    "json": "https://clearmarket.fyi/signals/btc-above-100k-by-dec-31-kalshi-ladder-below-18-2026-06-24.json"
  },
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "_provenance_registry": {
    "direct": "Unaltered extraction from primary venue/source API (e.g., polymarket_clob_api, kalshi_api, BLS, FRED). Highest trust tier.",
    "mediated": "Information fetched via grounded agentic retrieval (e.g., perplexity_grounded). MUST carry source_url to the underlying primary source.",
    "derived": "Algorithmic computation from listed inputs. Chain only as fresh as the oldest input timestamp (see as_of).",
    "editorial": "Interpretive classification produced by a versioned LLM prompt template (prompts auditable in github.com/JDSource/clearmarket/prompts)."
  },
  "_provenance_canonical": "https://clearmarket.fyi/schema/provenance/v1"
}