A cross-market trader tracked by TradingBeats has continued to build bearish Bitcoin positions even as the broader market expects a pause in rate hikes in October. According to the monitoring data cited by BlockBeats on Oct. 14, the account "greater-fools" spent about $4,381 since yesterday to add two new prediction-market positions tied to downside BTC targets by year-end. One bet, on Bitcoin falling to $65,000 before the end of the year, added roughly 11,000 "Yes" shares for about $2,639, bringing the total position to about 136,100 shares with an implied probability of around 22.5% and a position value of about $30,600. The second, on BTC falling to $70,000 by year-end, added 4,510 "Yes" shares for about $1,742, lifting the total to about 55,800 shares with an implied probability of around 35.5% and a value of about $19,800. At the same time, the account still holds a 26.97 BTC short on Hyperliquid with a notional value of about $2.2528 million, an average entry price near $69,962, and an unrealized loss of about $365,200. The report added that the release of U.S. September CPI later today could weigh on BTC in the short term if inflation comes in above expectations and prompts a repricing of the tightening path.
BlockBeats reported on Oct. 14, citing TradingBeats monitoring data, that cross-market trader greater-fools is still adding to bearish Bitcoin bets even as the market broadly expects an October pause in rate hikes.
Since yesterday, the account has put in about $4,381 in total to open two new downside BTC positions in a prediction market.
- For the contract "BTC falls to $65,000 before year-end" on the Yes side, the trader added about 11,000 shares with roughly $2,639 in capital. The total position now stands at about 136,100 shares, with an implied probability of around 22.5% and a position value of about $30,600.
- For the contract "BTC falls to $70,000 before year-end" on the Yes side, the trader added 4,510 shares with about $1,742 in capital. The total holding now stands at about 55,800 shares, with an implied probability of around 35.5% and a position value of about $19,800.
At the same time, the account still holds a 26.97 BTC short position on Hyperliquid. Its notional value is about $2.2528 million, the average entry price is about $69,962, and the position is currently showing an unrealized loss of about $365,200.
After the release of U.S. September CPI later today, BTC could face short-term pressure if inflation comes in above expectations and leads the market to reprice the tightening path.
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