Market dates:

• Market Period: From the publication date through December 31st, 2025, at 11:59 PM UTC
• Market Closing: December 31st, 2025, at 11:59 PM UTC
• Resolution Deadline: The resolution will be determined after market closing, or earlier if the outcome is reached

Resolution criteria:

• The market resolves based on which condition is met first:
  • “≥ $125K” if the BTC/USDT price on Binance reaches or exceeds $125,000.00
  • “≤ $105K” if the BTC/USDT price on Binance drops to or below $105,000.00

Resolution details:

• The market resolves based on the Binance BTC/USDT spot price, using the 1-minute chart with the following specifications:
  • 1-minute timeframe ("1m")
  • "Original" view
  • "Close" price of each candle
• Only the price of BTC/USDT as quoted by Binance (spot market) will be considered

Cancellation (Invalidity) Conditions

This market will be canceled/invalid if:

• The BTC/USDT spot price on Binance doesn’t reach either one of the two options until market close.
• The BTC/USDT spot market on Binance is suspended or becomes unreliable
• The Binance platform is unavailable or experiences significant disruptions during the Market Period
• Any circumstance prevents reliable price tracking during the Market Period

In the event of cancellation, participants may claim their stakes at the market value of their open positions at the time of cancellation. This could result in a profit or a loss, depending on the price of their outstanding shares.