Bit15 is a time-bound contract with a maximum duration of 15 minutes. It will be closed at any point within this 15-minute timeframe if the price moves against the terms of the predictions placed.
For instance, if you placed a prediction speculating a 0.1% upside movement in Bitcoin price and it hits the target within, let's say, 3 minutes, you will win. The same principle applies when speculating for the downside.
In the case of "stays in range" predictions, it's crucial that the price remains within the specified range for the entire 15-minute duration. If at any point within those 15 minutes the price crosses the boundaries of the range, the Bit15 order will be closed as it violates the terms of the contract. Winning the prediction requires the price to stay within the specified range for the entire 15-minute duration.
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