58bro.eth Sets September BTC Range, Builds $26M BTC/ETH Short Exposure

ME News reported that on Sept. 20 (UTC+8), monitoring data showed cross-market trader 58bro.eth (X: 0x58bro) recently bought multiple "No" positions in Polymarket's September Bitcoin price markets. The purchases included about 10,000 "No" shares on "BTC falling to $70,000 in September" for roughly $9,604; around 8,578 "No" shares on "BTC reaching $95,000 in September" for about $8,180; and 50,000 "No" shares on "BTC reaching $100,000 in September" for approximately $49,300. At the time of publication, the implied probabilities for these three "won't happen" outcomes were about 95.3%, 95.7%, and 98.85%. In July, 58bro.eth projected BTC would stay between $47,500 and $75,000. In August, his projected range was $60,000 to $100,000. For September, he lifted the lower bound to $70,000 and trimmed the upper bound to $95,000. From July through August, all 19 of his monthly BTC and ETH prediction trades were profitable, with total gains of roughly $12,700. All were "No" positions, mostly entered when implied probabilities were above 95%. Over the past three days, his BTC short on Hyperliquid rose from 88.75 BTC to 105.25 BTC. His combined BTC and ETH short exposure is valued at about $26.137 million, with an unrealized loss of roughly $1.132 million. Hyperliquid stats show cumulative profits of around $33.7 million, a historical win rate of 90%, and an average holding period of about 23 days. (Source: ODAILY)