This one settles on a trimmed-mean level by 11:59 PM ET on September 30, a smoothing method that clips outliers, so a brief wick above a strike doesn't count the way it would on a touch-anytime market. Bitcoin sat near $85,600 on September 23 after running up from about $76,000 to open the month, which puts the $87,500 leg near a third and $90,000-plus much thinner. To settle Yes above a strike you need the trimmed mean to sit there into the close, not just print there intraday. That distinction is the edge, and it makes these strikes tougher to clear than the equivalent Polymarket legs.
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