A trader lost over $2 million in 35 days by relying solely on "consensus knowledge" in making predictions.

[Trader Loses Over $2 Million in 35 Days Relying Solely on "Consensus Knowledge" for Predictions] According to Mars Finance, on January 5th, Lookonchain monitoring revealed that trader "beachboy4" lost over $2 million on Polymarket in just 35 days. Analysis of his trading records shows that this trader relied on his own "consensus knowledge," meaning he made predictions based solely on what most people considered high-probability events. Statistics show that he participated in 53 predictions over 35 days, achieving a 51% win rate. However, he never implemented exit strategies or hedging strategies for his predictions, resulting in "most of his losing positions being held until they reached zero, or the price plummeting long before settlement."