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[Polymarket Trader Loses Over $2 Million in 35 Days] According to monitoring by lookonchain, a trader on Polymarket named 'beachboy4' lost over $2 million in 35 days. Data shows that the account participated in 53 prediction trades, with a win rate of approximately 51%. The largest single profit was about $936,000, while the largest single loss reached $1.58 million, with an average bet of around $400,000 per trade. Analysis indicates that the account misunderstood Polymarket's pricing logic, treating it as a binary betting market. This led to repeatedly chasing high-priced entries in the upper price range, resulting in a capped profit and full-loss risk structure. Additionally, the account frequently placed heavy bets on popular events without setting stop-losses or hedging, ultimately leading to structural losses.