This trader turned $ 6800 by $ 1.5 million on Hyperliquid using a risky strategy

Success Strategy. In the world of cryptocurrency of traders who turn small amounts into wealth in one night is not uncommon ( Although happens and vice versa ). However, every success is often a very well -established strategy and a significant level of risk. This is the case of this trader who managed to turn $ 6800 into 1.5 miLion dollars using a very specific technique on hyperliqual indefinite contracts.

The key points of this article:

• The trader took $ 6800 and turned 1.5 million dollars using his trading bot on Hyperliquid.
• The strategy relied on discounts of transactions for market-makers on indefinite SOLANA contracts.

Crypto-media Cointelegraph tells us the story of this more than effective (and happy!) Trader. His epic bidding took place on Hyperliquid (Hype) that is at the same time blockchain and Dex (a decentralized exchange) that allows users to trade indefinite contracts, that is futures contracts without duration . These contracts allow traders to make rates on the growth or fall of the asset without the need to actually possess it.

The trader used bot for trade indefinite contracts Solana (Sol) to take advantage of the discounts offered “ Maker ”Or traders who Add the liquidity of the exchange . In essence, every time his bot was placed a position that was not immediately fulfilled, he received a small reward in the form of reduced transaction commissions, as explained by Cointelegraph:

“The Bot has only published proposals for buying or selling, never at the same time, creating a directional microlia. (…) The main source of income was the discounts of market makers of about 0.0030% for execution. This is only $ 0.03 for every $ 1,000 trading, but if you apply to billions, profits have increased sharply. This tactic only works with automated bots to create market and infrastructure optimized on delay. ”

Coyntelgraph

A strategy tuned to a millimeter and based on a microstructure of the market In short, placing warrants very close to the current price, his bot was often the first to be performed when the market was moving a little. It allowed him get those famous discounts while getting a small profit from each transaction .

Repeating This operation Thousands of times a day the trader was able to accumulate considerable profit. According to the available data, it has transformed the initial capital of $ 6800 over $ 1.5 million Only two weeks.

Of course, such a strategy not devoid of risks even vice versa. The trader should be able Manage the volatility of the market But make sure that his bot does not occupy positions that are too big relative to his capital. Besides, Transaction commissions They can quickly reduce profits if the bot is not perfectly optimized. Finally, it is important to remember that this type of trade Extremely competitive . Many other traders use such bots, and all that is needed is a small mistake or a bug to lose your capital.

This story shows that thanks to well -thought -out strategies and careful risk management in the cryptocurrency sector you can make significant profits. However, it is also a reminder that trade remains a risky business where the smallest mistake can cost expensive. So those who want to start, It is important to understand the market mechanics well But start carefully.

Source: Journalducoin.com