Over Half of Kalshi Ethereum Perpetual Futures Volume Comes from Same Fixed-Amount Orders

On September 22, Kalshi's Ethereum perpetual futures trading from September 17 to 20 saw orders near $5,499 each account for $7.7 million in turnover, representing 57% of the analyzed volume.

Across 46 sampled dates since June, 43 showed repeated fixed-amount trades. Kalshi's public data does not disclose trader identities, and the exchange has not explained the source of the repeated trades or reasons for changes in target amounts.

Previously, quantitative analyst Beni posted questioning whether prediction market platform Kalshi artificially inflated crypto trading volume, citing multiple data points as evidence. (CoinDesk)

[BlockBeats]