Trader Gains $6.8 Million on BTC Amid Trump’s Crypto Reserve News
- A trader used 50x leverage to open a $200 million long position on bitcoin (BTC).
- The trade used $4 million worth of collateral with an entry price of $85,908.
- The liquidation price was set at $84,752, just a $50 swing from potential liquidation.
- Bitcoin rose over 11%, from $85,000 to $97,255, following Trump’s announcement.
- The trader netted a gain of approximately $6.8 million after closing the position.
A trader on Hyperliquid made around $6.8 million by leveraging a $200 million BTC position before President Trump’s crypto reserve announcement caused the market to rally.
Source (2.6)https://www.coindesk.com/markets/2025/03/03/one-trader-made-millions-betting-usd200m-on-btc-just-before-trump-s-crypto-reserve-news?rand=52298
