Trader Pairs S&P 500 Perpetual Short With Fed Hold Bet

A trader identified by TradingBeats as ps5 opened an S&P 500 perpetual short on Hyperliquid while taking a Polymarket position favoring unchanged Federal Reserve rates in October, BlockBeats reported.

Positions span two platforms

The short consisted of 300 contracts opened at an average of $7,720, with a reported value of about $2.32 million. It was the address’s only perpetual position in the source snapshot.

The address also spent $7,812 on 8,400 Yes contracts for an October Fed hold. These are attributed trading positions, rather than confirmation of the policy outcome.

Sources: BlockBeats English flash and the original Chinese report, published 2026-10-28 at 03:32 UTC.