Bitcoin leads Polymarket futures volume as Ethereum whale exits long
Polywatcher reports Polymarket perpetual futures had traded 269.53 million dollars in Bitcoin in its latest hour through November 4, 06:11 UTC, ahead of 41.67 million dollars in the SOXL index product and 20.45 million dollars in WTI oil. Its latest whale orders of 50,000 dollars or more included an Ethereum close-long order of 304,800 dollars at 2,291.51 dollars and a Zcash open-long of 65,700 dollars.
According to Polywatcher, Polymarket perpetual futures recorded 269.53 million dollars in Bitcoin trading during the latest hour through November 4, 06:11 UTC.
Bitcoin tops the reported activity
Bitcoin volume exceeded the other products identified in the update: the SOXL index product traded 41.67 million dollars, while WTI oil registered 20.45 million dollars.
The figures describe a single hourly window, rather than a daily total. The supplied summary does not include earlier periods for comparison.
Whale orders show different positioning moves
Polywatcher’s latest list of whale orders worth 50,000 dollars or more included an Ethereum close-long order valued at 304,800 dollars, at a price of 2,291.51 dollars.
The list also included a Zcash open-long order of 65,700 dollars. The two orders represent different positioning actions—closing an Ethereum long and opening a Zcash long—not a uniform directional signal across the reported activity.
What it means for prediction markets
- Bitcoin dominated volume among the three products identified, but that trading volume alone does not establish a directional view.
- The Ethereum close-long and Zcash open-long orders provide positioning context; neither is a stated event probability.
- The single-hour snapshot and selected whale orders do not establish a broader trend without comparable historical data.
Sources & attribution
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- Polywatcher
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