Polymarket Trader Scores $255K Betting “No”
A Polymarket trader netted $255K betting “No” on Bitcoin, Ethereum & Solana milestones—insight into smart contract bets in crypto.
- Trader made $255K by wagering “No” on major crypto price targets.
- Profit came from bets against BTC $150K, ETH $4K, SOL $250.
- Shows risk and reward in prediction markets for crypto.
How a Trader Profilex Risked “No” and Won Big
On Polymarket, a crypto prediction marketplace, one savvy trader placed “No” bets against bullish price targets — namely Bitcoin reaching $150,000, Ethereum hitting $4,000, and Solana climbing to $250. Instead of following prevailing optimism, this trader identified probability mispricing and profited when the markets didn’t deliver. The total earnings? An impressive $255,000.
Spotting Opportunity in Market Odds
Prediction markets work on consensus odds. This trader noticed that odds implied too high a chance for those milestones, offering lucrative “No” positions. For example, if Bitcoin’s $150K target was given a 30% probability, betting “No” could pay out significantly if the target wasn’t met. This isn’t about predicting price direction—it’s about evaluating implied odds and seeing value.
Gains, Risks, and Market Lessons
While the $255K win is eye-catching, it comes with risk. If any of the assets reached those levels before the event deadlines, the trader would lose their stake. What this highlights is the appeal of decentralized prediction markets: they allow individuals to hedge or bet against narratives in a permissionless, trustless format. However, large payouts equally depend on market trends and timing.
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