Bitcoin Prediction Market Resolves to "Up" in 5-Minute Window A 5-minute Bitcoin price prediction market on Polymarket resolved to "Up" after the cryptocurrency’s price at the end of the specified time window exceeded its opening value. The market, titled "Bitcoin Up or Down - March 24, 7:40AM-7:45AM ET," determined the outcome based on data from the Chainlink BTC/USD data stream, which serves as the official resolution source. The final price at 7:45AM ET met or surpassed the opening price of $71,204.20, confirming the "Up" result. The market operated as a prediction tool where traders bought shares anticipating whether Bitcoin’s price would rise or fall within the 5-minute timeframe. The resolution criteria specified that if the closing price was greater than or equal to the opening price, the outcome was "Up"; otherwise, it was "Down." This mechanism relies on real-time data from Chainlink’s BTC/USD stream, distinct from other price sources or spot markets. As of the market’s resolution, it had generated $160.9K in total trading volume, reflecting active participation from traders reacting to live price movements. The market’s odds, which fluctuated in real-time, indicated a collective belief that the "Up" outcome was highly probable. A price of 100¢ for "Up" signified that traders collectively assigned a 100% chance to that result, though this does not guarantee the outcome but rather reflects market sentiment. Traders who correctly predicted the "Up" resolution received $1 per share, while incorrect bets yielded no payout. The short resolution window—just 5 minutes—created urgency, as traders had limited time to adjust positions before the market closed. The final outcome was confirmed after the time window ended, with the resolution process relying on the Chainlink data stream to ensure accuracy.#bitcoin #prediction_market #polymarket #trader #chainlink
