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Analysis Reveals Repetitive, Algorithmic Patterns Dominating Kalshi’s Crypto Perpetual Volumes
A detailed analysis of public trade records from the U.S. derivatives exchange Kalshi has uncovered a curious trend: the vast majority of volume in its bitcoin and ether perpetual-futures markets appears to be driven by highly specific, repetitive trade sizes. The findings, which suggest the heavy influence of automated trading programs, raise questions about the…
