Smart money betting on no October interest rate hike remains profitable, holding an additional $38.1 million in crypto long positions.

According to TradingBeats, cross-market whale rjgrant.eth (Geminae.Columbae) holds approximately $38.1251 million in long crypto positions, generating an unrealized profit of around $2.4902 million. The whale also holds a "Fed holds rates steady in October" Yes position in prediction markets, which has turned profitable as expected amid rising odds of this outcome. The unrealized gains on its Hyperliquid long positions have narrowed recently, broken down as follows: - BTC: ~$27.3165 million, unrealized loss of $626,800; - LINK: ~$5.7988 million, unrealized gain of $1.5721 million; - ZEC: ~$4.5276 million, unrealized gain of $1.5678 million; - Combined HYPE and NIL: ~$482,200, unrealized loss of ~$23,000. On Polymarket, the account holds 1,600 "Fed holds rates steady in October" Yes contracts. Its average cost corresponds to an implied probability of 54%; the current implied probability is 83.5%, giving the position a value of $1,336 and an unrealized profit of $472. Macroeconomic backdrop: The U.S. September non-farm payrolls report, released October 2, showed just 29,000 new jobs added, an unemployment rate of 4.2%, and a total downward revision of 60,000 jobs for July and August. Weak employment growth has reinforced expectations that the Federal Reserve will pause further interest rate hikes. Hyperliquid address: 0xdd7a372377fc633f74ab6e20963803d52f448830