Long-term "HODL" User of the Iran-Iraq War Faces Waterloo Today, Losing $6.74 Million in a Single Day and Giving Back All Profits

BlockBeats News, February 28th, according to PolyBeats monitoring, in the prediction market Polymarket, user @anoin123 has been placing long-term bets as the settlement day approaches, betting that the US will not strike Iran. This user usually buys in when the market probability is between 70-90%, aiming to secure a "risk-free" profit. With this strategy, the user has accumulated over $2 million in profit.

However, today, after the US announced a strike on Iran, the user suffered a single-day loss of over $6.74 million, giving back all the previous risk-free profits. The account's overall loss for the period has now reached $4.49 million.