Kalshi Crypto Volume Dominated by Repeating Trades

CoinDesk found that a single $5,499 trade size made up 57% of sampled ether perpetual volume on Kalshi from Sept. 17 to Sept. 20, while $2,500 and $5,000 trades were 54% of bitcoin perpetual volume. The pattern, seen on 43 of 46 dates since June, suggests automated trading and raises concerns about reported activity.