Huo Xing Finance reports that on October 14, according to TradingBeats monitoring, despite widespread market expectations of a pause in rate hikes this October, the cross-market trader "greater-fools" continues to increase bearish bets on BTC. Since yesterday, this account has collectively invested approximately $4,381, adding two new bearish predictions on the prediction market: - "BTC will drop to $65,000 by year-end": Yes — added approximately 11,000 contracts, investing about $2,639; current total position: ~136,100 contracts, implied probability ~22.5%, position value ~$30,600. - "BTC will drop to $70,000 by year-end": Yes — added 4,510 contracts, investing about $1,742; current total position: ~55,800 contracts, implied probability ~35.5%, position value ~$19,800. Meanwhile, this account still holds a short position of 26.97 BTC on Hyperliquid, with a notional value of approximately $2.2528 million at an average price of ~$69,962, currently facing an unrealized loss of ~$365,200. After tonight’s release of the U.S. September CPI data, if inflation exceeds expectations and prompts the market to reprice its tightening path, it could become a near-term pressure point for BTC.
Trader Buys BTC Downside Positions Amid Market Expectations of Rate Pause
MarsBitShare
BTC price declined on October 14 as traders increased bearish bets, despite expectations of a rate pause. The trader placed two bearish forecasts: BTC will drop to $65,000 and $70,000 by year-end. The trader holds short positions of 26.97 BTC on Hyperliquid, valued at approximately $2.25 million. BTC dominance remains under pressure as bearish sentiment grows across major exchanges.
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