Three crypto traders appear to have turned a simple directional Bitcoin (BTC) strategy into a multi-million dollar windfall. Polymarketgenerated a total profit of $2.35 million within a month.
On-chain data captured on March 1st look on chainThree linked wallets suggest that these accounts were all created in early January 2026 and began active trading on February 1st.
Since then, they have focused almost entirely on betting on whether Bitcoin will go up or down over certain short time frames.
In some cases, they also made directional bets on Ethereum (ETH) and Solana (SOL), but Bitcoin price movements dominated their activity.
Breakdown of prize money
The largest wallet 0x1979ae6B7E6534dE generated the highest ever profit of $1.13 million from over 24,600 predictions, with a position value of $70,500 and a maximum single win of $33,900.
Its activity shows a steady focus on high-conviction, short-term, intraday Bitcoin bets. On February 12th alone, I earned $64,242 and earned additional earnings of $48,433 and $44,605.85 on different time frame trades.
Meanwhile, the second wallet 0x1d0034134e recorded a profit of $810,522 with a position value of $206,200 and a maximum win amount of $21,400 after placing over 23,000 predictions.
Concentrating on the short-term Bitcoin directional market, it secured $48,636 and $30,553 in two sessions on February 27th.
The third wallet, 0x1461cCe, won $405,530.28 from just 775 predictions by deploying significantly larger capital, with a position value of $2 million and a maximum win of $111,000.
Unlike the others, it targeted a broader range of monthly Bitcoin price levels, winning $136,871.88 on a February target of $75,000, $84,365.78 on a $90,000 call, and additional gains of $90,174.75 and $79,052.03 on $55,000 and $50,000 criteria.
The strategy was consistent across all three wallets, with users repeatedly betting on well-defined Bitcoin price levels or short-term directional movements.
Winning strategy
Traders concentrated their liquidity in high-frequency or high-conviction Bitcoin markets, rather than diversifying broadly across different themes, amplifying their gains as volatility increased throughout February.
Notably, this winning strategy comes at a time of volatility for Bitcoin, with the asset struggling below the crucial $70,000 level, with some analysts warning that the cryptocurrency could face further losses before bottoming out.
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