Three cryptocurrency traders appear to have turned a simple directional Bitcoin (BTC) strategy into a multimillion-dollar windfall on Polymarket, generating a combined $2.35 million in profit within a single month.
On-chain data retrieved on March 1 from Lookonchain, from three linked wallets, suggests the accounts, all created in early January 2026, began actively trading on February 1.
Since then, they have focused almost entirely on betting whether Bitcoin would move up or down during specific short time windows.
In some instances, they also placed directional bets on Ethereum (ETH) and Solana (SOL), but Bitcoin price action dominated their activity.
Breakdown of winnings
The largest wallet, 0x1979ae6B7E6534dE, has generated $1.13 million in all-time profit from more than 24,600 predictions, with a position value of $70,500 and a single biggest win of $33,900.
Its activity shows a steady focus on high-conviction, short-duration intraday Bitcoin bets. On February 12 alone, it won $64,242, along with additional returns of $48,433 and $44,605.85 from separate time-slot trades.
Meanwhile, the second wallet, 0x1d0034134e, recorded $810,522 in profit after placing more than 23,000 predictions, with a position value of $206,200 and a biggest win of $21,400.
Concentrating on short-term Bitcoin direction markets, it secured $48,636 and $30,553 in two sessions on February 27.
The third wallet, 0x1461cCe, earned $405,530.28 from just 775 predictions by deploying significantly larger capital, with a $2 million position value and the biggest win of $111,000.
Unlike the others, it targeted broader monthly Bitcoin price levels, winning $136,871.88 on a $75,000 February target and $84,365.78 on a $90,000 call, alongside additional gains of $90,174.75 and $79,052.03 tied to $55,000 and $50,000 thresholds.
Across all three wallets, the strategy remained consistent, with users repeatedly wagering on clearly defined Bitcoin price levels or short-term directional moves.
The winning strategy
Rather than diversifying widely across topics, the traders concentrated liquidity on high-frequency or high-conviction Bitcoin markets, compounding gains as volatility unfolded throughout February.
Notably, this winning strategy came during a volatile phase for Bitcoin, with the asset struggling below the crucial $70,000 level as some analysts warn the cryptocurrency could face further losses before bottoming.
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Source: https://finbold.com/this-insanely-profitable-bitcoin-strategy-can-earn-you-millions-on-polymarket/