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🔍 On-chain detective | A trader is still buying against the trend October rate hikes and holds BTC and an S&P short position

BlockBeats reports that October 10, according to TradingBeats monitoring, the implied probability on Polymarket of “October a Fed rate hike of 25 basis points” is only approximately 15.5%, while the market trader tetrose still retains the previously established rate-hike bet and simultaneously holds approximately 4450000 USD BTC as well as an S&P 500 Index short position.

In the prediction market, tetrose currently holds approximately 297800 shares of “October rate hike of 25 basis points” Yes, with an average purchase cost corresponding to an implied probability of approximately 23.42%. As market expectations for a rate hike cool, the position is currently worth approximately 46200 USD, with an unrealized loss of approximately 23600 USD.

Meanwhile, after stopping out yesterday, tetrose again shorted approximately 20.95 units of BTC, worth approximately 1734500 USD, with an unrealized loss of approximately 6491 USD; it also holds an approximately 2711500 USD S&P 500 Index short position, with an unrealized loss of approximately 1666 USD. The two short positions have a combined notional value of approximately 4446000 USD.

Original link https://m.theblockbeats.info/flash/371154