Bitcoin volatility leads to multiple clearing orders, with Kalshi spot Bitcoin perpetual futures trading reaching $5.5 billion

The fluctuation of Bitcoin resulted in a single hour settlement of 529 million US dollars on August 22, with an excess of 478 million US dollars; Cleared $84 million in encrypted multiple orders within one hour on August 23rd. The prediction market Kalshi has launched spot Bitcoin perpetual futures approved by the US Commodity Futures Trading Commission (CFTC), with a trading volume of $5.5 billion in the first two weeks. Kalshi CEO Tarek Mansour stated that the product offers regulated domestic perpetual contract trading to US institutions. Benjamin Schiffrin, Director of Securities Policy at Better Markets, pointed out that perpetual futures are high-risk cryptocurrency products for retail investors, and no additional investor protection was established when approved by the CFTC. According to the analysis account Qmo, there are a large number of Bitcoin multi order clearing pools in the range of 62000 to 67000 US dollars; Trader Money Bunny revealed that the liquidation amount of short positions reached $2.7 billion to $3.5 billion within 24 hours. （Forbes Digital Assets）