Whale Adds Rate-Cut Bets as 50x SP500 Short Sits 0.61% From Liquidation
A Polymarket trader tracked by TradingBeats, formerly Hyperinsight, placed five consecutive Yes bets on interest-rate cuts within roughly 130 seconds on Aug. 28, according to the monitor. The positions covered a 25-basis-point cut in September, at least a 50-basis-point cut in September, a 25-basis-point cut in October, exactly one cut in 2026, and any cut before December. The five trades totaled about $238.9, with entry probabilities of roughly 1.4%, 0.4%, 3.9%, 9.0%, and 12.0%, respectively. TradingBeats identified the wallet as Polymarket trader fafafafafafafafsadasdq. Across all rate-related prediction positions, the trader’s cost basis stood at about $5,189.7, with a current value of around $4,214.8 and an unrealized loss of roughly $974.9. The largest prediction-market holding was a Yes position on a 25-basis-point Federal Reserve cut in September, totaling about 119,600 shares at an average entry probability near 1.59%, with about $1,909.6 invested. At the same time, an associated Hyperliquid address, 0xe8e4, remained 50x isolated short 268.7 SP500 contracts. That position was valued at about $2.076 million, with an average entry at 7,667.5, a current price near 7,724.1, and an unrealized loss of about $15,200. Its liquidation price was 7,771.1, only 47.0 points, or about 0.61%, above the current level. The report also noted that Christopher Waller is scheduled to deliver a Jackson Hole-themed speech at 22:00 Beijing time, according to the Federal Reserve’s official calendar.
