Trader Earns $6.8 Million from $200 Million BTC Bet After Trump Announcement
A trader on Hyperliquid opened a $200 million long position on Bitcoin using 50x leverage, securing a profit of approximately $6.8 million following President Trump's announcement of the U.S. crypto reserve.
- Trade executed with $4 million collateral
- Entry price at $85,908; liquidation price at $84,752
- BTC rose over 11% from $85,000 to $97,255
- ADA and XRP gained 47% and 18% respectively
- Trump's announcement included XRP, SOL, and ADA, surprising many in the market
- Trader closed position, realizing $6.8 million profit
Skepticism exists regarding potential insider knowledge behind the position, as BTC had previously corrected from $109,000 to $78,000.