Trader Adds to Bet Ether Won’t Touch $1,750 by Year-End

A cross-market trader added to a Polymarket “No” position on Ether reaching $1,750 before year-end, setting a lower threshold than its earlier wager against Ether touching $2,000.

JnStPrdctns put about $7,243 into the $1,750 contract. The position was valued at about $56,200, with a market-implied 72% probability that Ether would avoid the level. Ether was $2,061.36 at 10:41 p.m. ET Nov. 10 (03:41 UTC Nov. 11), about 18% above $1,750.

The account also sold about $20,000 of its “No” position on Ether reaching $2,000, recovering about $3,400. The lower threshold leaves room for a deeper price decline before Ether reaches the level in the new wager.

After the U.S. October consumer price index release, the account’s Ether short on Hyperliquid briefly grew to about $16.9 million. It later closed the short at a profit and opened a small long position.

The account also held a year-end “No” wager on Bitcoin touching $65,000. It added about $30,800 to that position, which was valued at about $62,500 and carried a 62.5% implied probability.