Apollo might be the betrayed god. He could have been tricked by another god into betraying Percy. For example, Apollo might have been promised more power or a higher status among the gods if he turned against Percy. But then he realizes too late that he's been used and that he's actually betrayed someone who could have been an ally.
Hades could also be the betrayed god in this fanfiction. Maybe Percy discovers that Hades has been wrongly accused of something he didn't do, and the real culprit is another god who has set Hades up. In the process of trying to clear Hades' name, Percy is betrayed by the real bad - guy god who doesn't want the truth to come out.
It could be a jealous demigod. Maybe someone who has always been in Percy's shadow and decides to frame him for betraying the gods in order to get rid of him and gain more power and recognition among the demigod community.
Well, it could be about Percy finding out that a god he trusted has betrayed him. Maybe this god has been using Percy for their own gain all along, like in battles against other gods or monsters. Percy would then have to deal with the shock and figure out how to either get revenge or make things right in the world of the gods.
One interesting plot could be Percy finding out that a so - called 'ally' of the gods has actually been manipulating him all along, leading to his perceived betrayal of the gods. Maybe this ally frames Percy for a crime against the gods, causing him to lose the trust of his friends and have to fight alone.
The gods are always a possibility. Zeus, for example, has been distrustful of Percy in the past. If Zeus feels that Percy is getting too powerful or is a threat to his rule, he could engineer a situation where Percy is betrayed. He might use other demigods or even mortals to turn against Percy.
Perhaps she's a sister who was thought to be dead but actually survived. She could have been corrupted by the experiences she had while being 'dead'. When she returns, she blames Percy for not saving her properly. This false blame leads her to betray Percy. She could start spreading rumors about Percy being a coward or a bad leader among the demigod community.
It could be Ares. He might see the Twilight vampires as a new source of power or chaos. He manipulates Percy into believing that the Twilight characters are evil and need to be stopped. So Ares becomes the main antagonist as he's the one driving Percy to betray the Twilight group.
A possible betrayer could be a jealous demigod. There are always those in the Percy Jackson world who envy Percy's abilities and the attention he gets. This demigod might see an opportunity to get rid of Percy and make themselves look better in the eyes of the other campers.
Another possibility is that it could be a character who has been corrupted by dark magic. This character was once a friend or at least an acquaintance of the dragon rider. But the dark magic makes them see the dragon rider as a target. They betray the rider in the hopes of getting some sort of power or reward from a more powerful evil entity.
It could also be that the Olympian Council as a whole acts as the antagonist. They might have made decisions that Percy sees as a betrayal, such as sacrificing the safety of demigods for their own political gain. Each god on the council, with their own self - interests, might contribute to Percy's feeling of betrayal, making the council as a whole the main force he has to oppose.
It could be a rogue member of the Hunt. Maybe someone who has a personal vendetta against Percy for some past event or just out of jealousy. This character might be secretly plotting against Percy within the Hunt and is the one who orchestrates the betrayal.