Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Polymarket Trader Scores $255K Betting “No”

Polymarket Trader Scores $255K Betting “No”

2025/07/08 00:45
By:
  • 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 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.

⚡️ INSIGHT: A trader earned $255K on Polymarket by betting “No” on events like Bitcoin hitting $150K, Ethereum reaching $4K, and Solana hitting $250. pic.twitter.com/dN6PolzDfx

— Cointelegraph (@Cointelegraph) July 7, 2025

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.

Read Also:

  • Bitcoin Exchange Supply Hits 7-Year Low
  • Polymarket Trader Scores $255K Betting “No”
  • ETH ETF Inflows Surge — Anything Below $3K Is a Bargain
  • BlockDAG Joins Forces With Seattle Seawolves & Orcas as $600M Goal Gains Momentum
  • Semler Scientific Boosts Bitcoin Holdings to 4,636 BTC
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

Russian households have invested 3.7 billion rubles in cryptocurrency derivatives, mainly dominated by a few large players. INTERPOL has listed cryptocurrency fraud as a global threat. Malicious Chrome extensions are stealing Solana funds. The UK has proposed new tax regulations for DeFi. Bitcoin surpasses $91,000. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.

MarsBit2025/11/28 16:26
Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

How much is ETH really worth? Hashed provides 10 different valuation methods in one go

After taking a weighted average, the fair price of ETH exceeds $4,700.

ForesightNews 速递2025/11/28 15:05
How much is ETH really worth? Hashed provides 10 different valuation methods in one go

Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost

People tend to overestimate what can happen in two years, but underestimate what can happen in ten years.

深潮2025/11/28 14:53
Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost

Balancer Rallies to Recover and Redistribute Stolen Funds After Major Cyber Attack

In Brief Balancer plans to redistribute $8 million to users after a massive cyber theft. The recovery involved crucial roles by white-hat researchers rewarded with 10% incentives. Unclaimed funds will undergo governance voting after 180 days.

Cointurk2025/11/28 14:33
Balancer Rallies to Recover and Redistribute Stolen Funds After Major Cyber Attack