A trader lost over $2 million in 35 days by relying solely on "consensus perception" for predictions.

BlockBeats News, January 5, according to monitoring by Lookonchain, trader "beachboy4" lost more than $2 million on Polymarket in just 35 days. By analyzing his trading records, it was found that this trader relied on his own "consensus cognition," that is, predicting outcomes solely based on what the majority believes to be highly probable events.

Statistics show that he participated in 53 predictions within 35 days, and although his win rate was as high as 51%, he never set exit strategies or hedging strategies for the predictions he participated in, resulting in "most of his losing positions being held until they went to zero, or the price had already plummeted long before settlement."