A prediction market trader has reportedly gained a notable profit by betting on Bitcoin’s ($BTC) price trajectory. In this respect, within just 1 month, the trader has effectively earned more than $2.3M on Polymarket. As per the data from Lookonchain, the trader has potentially controlled 3 wallets in this respect. This reportedly began on the 1st of February, 2026.
Just how profitable is betting on #Bitcoin’s price on #Polymarket?3 linked wallets (likely owned by the same person) started trading on Feb 1.In just one month, they made $2.35M in profit.They only bet on whether $BTC goes up or down (sometimes also on $ETH and $SOL).… pic.twitter.com/OVuwzj0fFB
— Lookonchain (@lookonchain) March 1, 2026
$BTC Prediction Market Trader Pockets $2.3M Within 1 Month on Polymarket
The prediction market trader has cumulatively collected more than $2.3M over a month through Polymarket by betting on the price movements of Bitcoin ($BTC). Likely controlling 3 wallets, the respective individual started the trading activity on February 1, 2026. Surprisingly, the trader utilized a very simple strategy, betting on whether $BTC would go down or up. Hence, the performance data of the trader discloses a significant success rate. In this respect, Polymarket has become a popular decentralized prediction ecosystem for traders speculating on real-world events, including crypto price movements and politics.
Investor Confidence Rises Amid Bitcoin’s Jump to $68K
According to Lookonchain, the massive earnings of up to $2.3M via $BTC price prediction on Polymarket within a month raise appeal among the Bitcoin ($BTC) traders. Additionally, Bitcoin’s recent spike to $68K has further increased the investor confidence in the potential growth in the near term. Even then, the timing, market insight, and skill play a critical role in prediction market for such extraordinary results. At present, whether the winning streak of the trader continues is yet to be seen.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CPI Data Preview: Bitcoin Approaching $70,000 Key Resistance, Crypto Market May Experience Volatile Fluctuations
As the US CPI data is about to be released, the cryptocurrency market is entering a wait-and-see mode. Bitcoin, after experiencing a correction, is approaching $70,000, and market sentiment has improved, but it faces a short-term key resistance level. CPI data will be the main factor driving short-term market volatility.
GateNews18m ago
Is Bitcoin About to Break Through? Peter Brandt's "Banana Split" Pattern Indicates a Potential Significant Rise in BTC
Senior trader Peter Brant pointed out that Bitcoin is forming a "banana split" chart pattern, indicating potential significant volatility and a breakout from historical price ranges. The recent appearance of the "little banana" may be building momentum for a bull market. He predicts that Bitcoin will experience a price surge by October 2026. Global market sentiment is warming, fueling a 3.2% intraday increase in Bitcoin, currently trading at $69,803. Investors should pay attention to key price ranges to assess market trends.
GateNews31m ago
Bitcoin Valuation Model Revealed: PlanB Predicts an Average Price of $500,000 per Cycle, Sparking Market Debate
Bitcoin's current trading price is close to $67,300. Analyst PlanB predicts that the average price from 2024 to 2028 could reach $500,000, with a fluctuation range of $250,000 to $1,000,000. However, other analysts like Bobby A believe the price will be below this forecast. They point out that the model is difficult to accurately predict in the short term, and market factors are complex. Investors should focus on supply and demand changes and overall dynamics.
GateNews34m ago
London-listed technology company The Smarter Web Company increases holdings by 3 BTC, bringing total holdings to 2,695 BTC
Gate News Report, March 10, London-listed technology company The Smarter Web Company increased its Bitcoin holdings by 3 coins, bringing the total to 2695 coins.
GateNews36m ago
Bitcoin rises, Dubai property prices plummet: retreating over 18% from February highs, war impacts global asset allocation
Since the outbreak of the Iran war, Bitcoin prices have rebounded, rising approximately 5.4% in total; meanwhile, the Dubai real estate market has declined by 18.1% due to missile attacks and foreign capital withdrawals. High-net-worth investors are fleeing, coupled with expectations of a surge in future supply, leading to a general decline in housing prices. Overall, the war is reshaping regional risks and has a profound impact on global asset allocation.
GateNews55m ago
Trump-supported company American Bitcoin executive increases holdings by 68,000 shares, demonstrating long-term confidence in Bitcoin
American Bitcoin mining company ABTC board member Richard Busch increased his stake by 68,000 shares, demonstrating confidence in the company's long-term strategy. ABTC focuses on Bitcoin self-mining and reserves, currently holding approximately 6,500 Bitcoins. Despite the stock price declining due to market volatility, analysts believe the increased holdings could have a positive impact on investor sentiment.
GateNews57m ago
