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

The latest SOL proposal aims to reduce the inflation rate, but what are the opponents thinking?

The Solana community has proposed SIMD-0411, which would increase the inflation deceleration rate from 15% to 30%. It is expected to reduce SOL issuance by 22.3 million over the next six years and accelerate the reduction of the inflation rate to 1.5% before 2029.

BlockBeats2025/11/25 20:14
The latest SOL proposal aims to reduce the inflation rate, but what are the opponents thinking?

IoTeX launches the world's first on-chain identity solution ioID designed specifically for smart devices

ioID is revolutionizing identity management for smart devices, allowing DePIN to authenticate devices, protect data, and unlock next-generation application scenarios within a user-owned ecosystem compatible with any blockchain.

IoTeX社区2025/11/25 18:52
IoTeX launches the world's first on-chain identity solution ioID designed specifically for smart devices

Mars Morning News | Last week, global listed companies made a net purchase of $13.4 million in BTC, while Strategy did not buy any Bitcoin last week

Expectations for a Federal Reserve interest rate cut in December have risen, with Bitcoin briefly surpassing $89,000 and the Nasdaq surging 2.69%. There are internal disagreements within the Fed regarding rate cuts, causing a strong reaction in the cryptocurrency market. Summary generated by Mars AI. This summary is generated by the Mars AI model and its accuracy and completeness are still being iteratively updated.

MarsBit2025/11/25 18:41
Mars Morning News | Last week, global listed companies made a net purchase of $13.4 million in BTC, while Strategy did not buy any Bitcoin last week

The covert battle in the crypto industry escalates: 40% of job seekers are North Korean agents?

North Korean agents have infiltrated 15%-20% of crypto companies, and 30%-40% of job applications in the crypto industry may come from North Korean operatives. They act as proxies through remote work, using malware and social engineering to steal funds and manipulate infrastructure. North Korean hackers have stolen over $3 billion in cryptocurrency to fund nuclear weapons programs. Summary generated by Mars AI. This summary is generated by the Mars AI model, and its accuracy and completeness are still being iteratively improved.

MarsBit2025/11/25 18:40
The covert battle in the crypto industry escalates: 40% of job seekers are North Korean agents?