Trading odds on Kalshi show a notable shift in market sentiment: the probability of Bitcoin reaching $200,000 by 2027 has dropped to just 15%. This decline reflects growing caution among traders regarding the timeline for such aggressive price targets. The data suggests the market is pricing in a more measured trajectory for BTC over the next few years, with investors recalibrating their long-term expectations. Such movements in prediction markets often signal shifts in institutional positioning and retail trader confidence—worth monitoring as we head deeper into the current market cycle.