Smart money betting against an October rate hike stays profitable, while holding $38.1 million in long crypto positions.

BlockBeats news, October 8th, according to TradingBeats monitoring, cross-market whale rjgrant.eth (Geminae.Columbae) holds approximately $38.1251 million in long positions in crypto assets, with a total unrealized profit of approximately $2.4902 million; on the prediction market side, it holds "October Fed keeps rates unchanged" Yes, and this prediction position has profited as expected as the probability rose.

Its Hyperliquid long positions have recently seen unrealized profits narrow, mainly including:

- BTC: approximately $27.3165 million, unrealized loss of $626,800;

- LINK: approximately $5.7988 million, unrealized profit of $1.5721 million;

- ZEC: approximately $4.5276 million, unrealized profit of $1.5678 million;

- HYPE and NIL: totaling approximately $482,200, unrealized loss of approximately $23,000.

On the Polymarket side, this account holds 1,600 shares of "October keeps rates unchanged" Yes, with an average cost corresponding to an implied probability of 54%, currently at 83.5%, position value of $1,336, and unrealized profit of $472.

On the macroeconomic background, U.S. September nonfarm payrolls released on October 2 showed only 29,000 new jobs, with an unemployment rate of 4.2%, and July and August payroll gains were revised down by a combined 60,000. Weak employment growth provided support for expectations of pausing further rate hikes.

Hyperliquid address: 0xdd7a372377fc633f74ab6e20963803d52f448830