[A Trader Lost Over $2 Million in 35 Days Relying Solely on 'Consensus Cognition'] BlockBeats News, January 5th, according to monitoring by Lookonchain, the trader 'beachboy4' lost over $2 million on Polymarket in just 35 days. By analyzing their trading records, it was found that the trader relied on their 'consensus cognition,' meaning they made predictions based solely on the direction of events that the majority believed were highly probable. Statistics show that the trader participated in 53 predictions over the 35-day period, achieving a win rate of 51%. However, they never set an exit strategy or hedging strategy for their predictions, resulting in 'most losing positions being held until they reached zero, or the price had already plummeted long before settlement.'