A newly created cryptocurrency wallet, identified as bullseye123, has incurred significant losses after placing a $40,000 bet on Polymarket predicting the termination of the U.S.-Iran ceasefire by mid-April. According to on-chain analytics from Lookonchain, the bet is currently down by approximately $34,000, marking an 85% loss. The wager was based on the expectation that Trump would announce the end of the ceasefire by April 15 or 18, a scenario that has not materialized, leading to the substantial financial setback for the wallet holder.