Resolution criteria

This market will resolve to the range encompassing the CoinDesk Bitcoin Price Index (XBX) at 6:00 PM UTC on the resolution date. The price will be rounded to the nearest whole dollar. In the event the precise price falls exactly on a boundary, the higher range will be selected. For example, if the price is exactly $100,000, the market will resolve to "$100,000 - $104,999".

The primary source for resolution will be the CoinDesk Bitcoin Price Index, accessible via CoinDesk's official website.

The possible resolution outcomes are:

• Below $100,000

• $100,000 - $104,999

• $105,000 - $107,499

• $107,500 - $109,999

• $110,000 - $112,499

• $112,500 - $114,999

• $115,000 - $119,999

• $120,000 or above

Background

The CoinDesk Bitcoin Price Index (XBX) provides a USD-denominated reference rate for the spot price of Bitcoin (BTC). It aggregates real-time prices from multiple constituent exchanges, with each exchange weighted proportionally to its trailing 24-hour liquidity, adjusted for price variance and inactivity. This methodology aims to provide a representative and reliable spot price for Bitcoin, mitigating anomalies or manipulation from individual exchanges.

Considerations

The specified price ranges for resolution are exhaustive, meaning all possible Bitcoin prices at the resolution time are covered by one of the listed options. Since the addAnswersMode is disabled, no additional outcomes can be added. The market will resolve to one of the predefined ranges.