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Traders have emerged who earned $2.35 million in just one month using a simple strategy of betting on Bitcoin’s short-term direction.
According to cryptocurrency media outlet Finbold on March 1 (local time), three related wallets active on the decentralized prediction market Polymarket generated a combined $2.35 million in profit during February. Data from on-chain analytics platform Lookonchain shows that these wallets were created in early January 2026 and began full-scale trading on February 1. The strategy was straightforward: placing focused bets on whether Bitcoin (BTC) would rise or fall within specific short time frames. While there were some bets on Ethereum (ETH) and Solana (SOL), the majority were concentrated on Bitcoin directional trades.
The largest wallet, ‘0x1979ae6B7E6534dE,’ recorded cumulative profits of $1.13 million through more than 24,600 predictions. Its position value stood at around $70,500, with a maximum single profit of $33,900. On February 12 alone, it earned $64,242, and secured an additional $48,433 and $44,605.85 in separate sessions the same day. The structure involved repeatedly placing high-conviction intraday bets to accumulate gains.
The second wallet, ‘0x1d0034134e,’ placed over 23,000 bets and earned $810,522. Its position value was $206,200, with a maximum single profit of $21,400. On February 27, it effectively capitalized on short-term volatility, generating $48,636 and $30,553 across two sessions.
The third wallet, ‘0x1461cCe,’ adopted a different strategy. Although it made a relatively small number of predictions—775 in total—it utilized positions worth $2 million to earn $405,530.28. By betting on monthly price targets, it gained $136,871.88 from the $75,000 February target and $84,365.78 from the $90,000 target. It also secured an additional $90,174.75 and $79,052.03 from bets in the $55,000 and $50,000 ranges, respectively.
A common trait among the three wallets was their concentration of liquidity on specific Bitcoin price levels and short-term directional markets rather than diversifying investments. Notably, during periods when Bitcoin’s volatility intensified below the $70,000 level, they repeatedly applied high-frequency or high-conviction strategies to compound profits. The outlet reported that “a focused strategy of betting on clear price ranges during periods of extreme market volatility generated high returns.”
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