Prediction Market Boom: Kalshi and Polymarket Volume Jumps 75% to $45 Billion
- Volume Surge: According to data from The Block, the combined trading volume on prediction market platforms Kalshi and Polymarket surged 75% in June compared to May, reaching approximately $45 billion, indicating a strong demand for event-driven contracts among both retail and institutional traders, potentially driving diversification in investment strategies.
- Historic Milestone: June's trading volume marks a significant milestone for the prediction market sector, with Kalshi and Polymarket processing tens of billions in trades covering political outcomes, economic indicators, and entertainment events, suggesting these platforms are transitioning from niche to mainstream, attracting more investor attention.
- Rising Institutional Interest: As interest in prediction market data increases, several hedge funds and asset managers have begun viewing it as a leading indicator for portfolio positioning; while the $45 billion monthly volume remains relatively small, it represents a meaningful liquidity milestone that could attract further professional participation.
- Regulatory Uncertainty: Kalshi's compliance provides legitimacy but limits the types of contracts it can offer, while Polymarket's decentralized model faces regulatory risks, especially as U.S. authorities increase scrutiny of offshore crypto platforms, making future market developments a key area to watch.
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Technical Analysis for BILL
Technical Sentiment Analysis for Bill Hwang Finance (BILL). As of , Bill Hwang Finance (BILL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BILL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BILL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bill Hwang Finance (BILL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0171 | 0.0278 | 0.0364 | 0.0471 | 0.0556 | 0.0664 | 0.0749 |
| Fibonacci | 0.0278 | 0.0352 | 0.0397 | 0.0471 | 0.0545 | 0.059 | 0.0664 |
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