Three cryptocurrency traders have reportedly earned $2.35 million in a single month using a focused Bitcoin strategy on Polymarket.
On-chain data from Lookonchain shows the traders’ linked wallets, created in January 2026, began active trading in February. Their approach centered on short-term bets predicting whether Bitcoin would move up or down, with occasional Ethereum and Solana wagers.
The largest wallet generated $1.13 million in profit from over 24,600 predictions, with the biggest single win of $33,900. The second wallet earned $810,522 from 23,000 predictions, while the third wallet, using larger positions, made $405,530 with a single $111,000 win.
All three traders concentrated on high-conviction, short-duration markets rather than spreading bets widely. This allowed them to compound gains during Bitcoin’s volatile February, when the price hovered below $70,000.
The strategy highlights how focused, directional trading can pay off, especially in a high-volatility market. Analysts warn, however, that Bitcoin may face further losses before finding a bottom, making such approaches high-risk.
