Anticipating Democratic Congress Takeover, Polymarket Trader Simultaneously Shorts $6.5 Million S&P, Tech Stock Storage html

BlockBeats News, July 31st, according to Hyperinsight monitoring, Polymarket trader "BearKingdom" is simultaneously betting on the U.S. political shift and the retreat of risk assets: the trader is betting on the Democratic Party's control of Congress after the 2026 midterm elections, the "CLARITY Act" not being implemented within the year, and shorting the S&P 500, SK Hynix, and Longxin Technology on Hyperliquid, with a total notional value of approximately $6.492 million.

On the Polymarket side, BearKingdom currently holds 6 positions, with a total investment of approximately $164,100, a current value of approximately $193,800, and an unrealized profit of approximately $29,700.

Among these positions, through 3 Yes positions, the trader is betting on the Democratic Party's control of Congress, with a total investment of approximately $72,500, a current value of approximately $79,200:

- "Democratic Control of the House" Yes: 47,300 shares, valued at approximately $40,400;

- "Democratic Control of the Senate" Yes: 79,900 shares, valued at approximately $34,800;

- "Democratic Control of Both Houses" Yes: 9,224 shares, valued at approximately $4,013.

The largest prediction position is a bet that the "CLARITY Act" will not be enacted in 2026. The trader holds 153,500 No shares, with a cost of approximately $84,600, a current value of approximately $106,700, and an unrealized profit of approximately $22,100.

On-chain records show that the 0x48d starting Hyperliquid external wallet corresponds to the Polymarket account "BearKingdom" and its 0xabe starting proxy wallet.

On the Hyperliquid side, the trader currently holds three short positions, with a total value of approximately $6.492 million and a net unrealized loss of approximately $148,300:

- S&P 500: 6x leveraged short position of approximately $3.244 million, average price of $6,757.58, unrealized loss of approximately $307,500;

- SK Hynix: 2x leveraged short position of approximately $2.721 million, average price of $1,266.05, unrealized profit of approximately $191,000;

- Canaan Inc.: 2x leveraged short position of approximately $527,100, with an average price of $7.075, and an unrealized loss of approximately $31,800.

In addition, it has posted 88 reduce-only buy orders for all 70,000 CXMT shorts, with prices ranging from $6 to $6.6679, a weighted average price of around $6.2456, planning to take profit in batches after waiting for the price to drop.

The actions by BearKingdom at both ends of the trades are not related, but their positions are rather aligned: speculating that the market is betting on the Democratic Party regaining control of Congress and a delay in crypto regulation; meanwhile, the trading market is betting on pressure on the overall US stock market and storage stock prices.