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Kalshi traders think the bitcoin rally could end the year near current levels

Bitcoin surged sharply over the course of a week, rising from $62,836.88 at the start of the week to as high as $77,000, amid a Treasury bond buyback move, a White House crypto meeting, and large-scale liquidation of short positions worth billions of dollars. Crypto-related stocks and other tokens such as XRP also rose along with the rally, while some prediction market traders expect the price to settle back near current levels by the end of the year rather than continue climbing.

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Bitcoin on track for 20% weekly gain as investor optimism floods back

CNBC frames the rally primarily through macro/policy catalysts (Treasury buyback intervention, Clarity Act push) and investor sentiment, citing analysts who describe cycle-based caution and skepticism (e.g., Kalshi traders expecting the rally to fade to current levels by year-end), giving a somewhat measured, sentiment-focused take.

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Strategy sits on $1.4 billion profit on bitcoin holdings as price surges

Decrypt (crypto-native trade press) provides highly granular, data-dense coverage of the same rally, tracking it day-by-day with specific liquidation figures, ETF flow data, technical chart levels, and multiple analyst quotes, emphasizing both bullish momentum and repeated warnings that the move is squeeze-driven rather than organic buying.

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