A certain cross-market trader has lowered the defensive target for ETH within the year, expecting it not to fall below $1,750.

BlockBeats news, November 11 - According to TradingBeats monitoring, after the release of US October CPI data, cross-market trader JnStPrdctns' ETH short position on Hyperliquid briefly expanded to approximately $16.9 million. This morning, the account took profit on the short position and opened a small long position for swing trading.

On Polymarket, the account is lowering its ETH year-end price defense line. After the CPI release, it invested approximately $7,243 to increase its "ETH to hit $1,750 this year" No position, which is currently worth about $56,200, corresponding to an implied market probability of approximately 72%.

During the same period, it sold approximately $20,000 of "ETH to hit $2,000 this year" No, recovering about $3,400. Compared to previously betting that ETH would not hit $2,000, its new prediction has shifted to $1,750, accepting a larger price pullback.

On BTC predictions, the account still bets on holding $65,000 by year-end. Last night, it invested approximately $30,800 to increase its "BTC to hit $65,000 this year" No position, which is currently worth about $62,500, corresponding to an implied probability of approximately 62.5%.