Polymarket traders bet on Iran ceasefire even oil shock concerns persist: Crypto Daybook Americas
Traders on Polymarket are betting $160,000 on an Iran ceasefire by month-end despite ongoing geopolitical risks affecting crypto markets.Summary
Despite the Iran conflict souring the macro environment and keeping crypto valuations under pressure, some participants on the Polymarket platform are betting on a swift resolution. On-chain data shows 10 wallets, created simultaneously with no prior history, wagering a cumulative $160,000 on a ceasefire by the end of March, potentially yielding over $1,000,000. Meanwhile, the ongoing conflict, which has escalated tensions around the Strait of Hormuz and regional energy infrastructure, is keeping oil risk elevated, leading to tighter financial conditions reflected in surging U.S. Treasury yields and pressure on major cryptocurrencies like Bitcoin and Ether. Market flows show continued outflows from U.S. spot Bitcoin ETFs and large selling by whales, even as some analysts maintain Bitcoin has a strong value-capture profile.
(Source：CoinDesk)