October 20, 2025

I have been researching the on-chain prediction platform Polymarket these past two days, and I've also made some operations. I found that it is quite challenging to achieve a large betting volume on this platform, especially for someone like me who doesn't enjoy gambling. Of course, based on the platform's betting volume and PNL situation, reaching a betting amount of several million is already considered a big player, so I think it is still worth trying out, after all, it isn't particularly competitive.
The reason I am optimistic about on-chain prediction platforms is not only because of ICE's massive investment, but more importantly, I believe there is a very high possibility that this will be the next breakout application. Betting is also a field that is very close to trading, so the potential growth power of this market is immeasurable. However, I still feel that for those who do not like to gamble, it is still difficult to achieve a certain scale of betting volume. If anyone has better strategies or methods, feel free to discuss together.
In terms of market trends, after a period of consolidation, there was a slight rebound today. However, overall, there hasn't been much change in the market, which continues to maintain a volatile trend. One of the most important indicators during the consolidation period is to observe the absolute price of Bitcoin. If Bitcoin were to drop below 100,000 or even 90,000 while moving sideways, that would definitely be a bearish signal. On the flip side, if it continues to reach new highs and ultimately stabilizes above 110,000, or even touches 120,000, then it would be feasible to increase positions to continue betting on the subsequent bull market.
The current market trend is still within expectations, especially the second bottom test and the subsequent multiple bottom tests, which have not been.