{
  "$schema": "https://clearmarket.fyi/schema/signal/v1.json",
  "record_id": "CMSIG2026092508",
  "record_slug": "ethereum-above-3-500-by-jan-1-2027-ladder-33-2026-09-25",
  "schema_version": "v0.2.0",
  "provenance_version": "0.2.0",
  "published_at": "2026-09-25T12:38:19.861Z",
  "semantic_title": "Ethereum above $3,500 by year-end stays below 50% odds",
  "telemetry": "Kalshi ladder",
  "headline": "Ethereum above $3,500 by Jan 1, 2027: ladder 33%",
  "category_tag": "MOMENTUM_REPRICING",
  "secondary_tags": [],
  "detection_path": "news_cycle",
  "pre_news_classification": "concurrent",
  "status": {
    "state": "live",
    "as_of": "2026-09-30",
    "outcome": null,
    "outcome_basis": null,
    "final_price": null,
    "resolved_at": null
  },
  "target_event_id": "CM-EVT-G2G3Y09R59",
  "target_event_slug": "kxethmaxy-27jan01",
  "event_question": "Ethereum price above $3,500 by Jan 1, 2027",
  "linked_event_ids": [],
  "primary_market": {
    "platform": "kalshi",
    "platform_market_id": "KXETHMAXY-27JAN01-3500.00",
    "question_raw": "Will Ethereum reach above $3500.00 by Jan 1, 2027 at 12:00AM?",
    "current_price": 0.33,
    "volume_24h_usd": 299.73,
    "arbitration_model": "kalshi_staff",
    "resolution_source": "CF Benchmarks",
    "resolves_at": "2027-01-31T05:00:00Z"
  },
  "related_markets": [],
  "bullets": [
    "The Ethereum ladder prices 33% on ETH clearing $3,500 by January 1, 2027, with odds dropping to 18% above $4,000 and 8% above $5,000.",
    "Despite bullish institutional Bitcoin narratives, the Ethereum ladder shows the market is skeptical of a strong ETH recovery to prior highs by year-end.",
    "Bitcoin's own prediction market (CM-EVT-3CQP3GL0Y1) puts just 3% on BTC exceeding $250,000 by 2027, indicating even Bitcoin bull cases remain long shots at the top end.",
    "Resolution uses Kalshi's standard crypto price source; the gap between 33% at $3,500 and 6% at $5,000 shows the market prices a wide range of possible ETH outcomes."
  ],
  "atomic_claims": [
    {
      "type": "news_event",
      "field_provenance": {
        "story": {
          "tier": "mediated",
          "method": "exa_search",
          "source": "Billy Bambrough",
          "source_url": "https://www.forbes.com/sites/digital-assets/2026/09/24/blackrock-issues-extraordinary-crypto-prediction-as-the-bitcoin-price-suddenly-soars/",
          "retrieved_at": "2026-09-26T12:39:23+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": "BlackRock's bullish crypto prediction is cited as Bitcoin prices soar, with institutional holders reported to have held through the prior crash and some buying more.",
      "publisher": "Billy Bambrough",
      "published_at": "2026-09-25T12:38:19.861Z",
      "source_url": "https://www.forbes.com/sites/digital-assets/2026/09/24/blackrock-issues-extraordinary-crypto-prediction-as-the-bitcoin-price-suddenly-soars/"
    },
    {
      "type": "pm_response",
      "field_provenance": {
        "notes": {
          "tier": "editorial",
          "method": "llm_judge_cm_signal_v1"
        }
      },
      "notes": "Ladder resolves via standard crypto price benchmarks; the sub-50% odds at $3,500 suggest the market is not pricing in the full BlackRock bull scenario for Ethereum."
    }
  ],
  "sources": [
    {
      "label": "Billy Bambrough: BlackRock’s ‘Extraordinary’ Prediction For Crypto Is Suddenly Coming T",
      "url": "https://www.forbes.com/sites/digital-assets/2026/09/24/blackrock-issues-extraordinary-crypto-prediction-as-the-bitcoin-price-suddenly-soars/",
      "published_at": "2026-09-25T12:38:19.861Z",
      "retrieved_at": "2026-09-26T12:39:23+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/ethereum-above-3-500-by-jan-1-2027-ladder-33-2026-09-25/",
    "json": "https://clearmarket.fyi/signals/ethereum-above-3-500-by-jan-1-2027-ladder-33-2026-09-25.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"
}