March 4, 2025
One Trader Made Millions Betting $ 200m On BTC Just Before Trump's Crypto Reserve News thumbnail
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One Trader Made Millions Betting $ 200m On BTC Just Before Trump’s Crypto Reserve News

At One Point the Trader Was Just $ 50 Away from Being Liquidated.”, – WRITE: www.coindesk.com

At One Point the Trader Was Just $ 50 Away from Being Liquidated.Updated Mar 3, 2025, 4:59 PM UTCPublished Mar 3, 2025, 4:26 PM UTC

A trader on decentralized derivatives platform Hyperliquid USED 50X LEVERAGE to OPEN A $ 200 Million Long Position on Bitcoin (BTC) On Sunday, Netting A GAIN OF ARAOUND $ 6.8 6.8 Spurred A Market-Wide Rally by Announcing the Nation’s Crypto Reserve.

The Trader USED $ 4 MILLION WORTH OF COLLATERAL TO PLACE A TRADE THAT ATONE POINT WAS JUST A $ 50 SWING Away from Being Liquidated. The entry was at $ 85.908 with Liquidation Price of $ 84.752.

BTC Institute Rose by More Than 11% from $ 85,000 to $ 97.255 After A Reference to the Reserve Was Made on Social Media Platform Truth Social. However, The Trader Perhaps Backed The Wrong Horse As Ada and Xrp ExperienCed Gains of 47% and 18% Respectvely.

Trader's Position on Hyperliquid (Hyperliquid)Trader’s Position on Hyperliquid (Hyperliquid)

Trump caunght many by surprise with hisnouncement due to the inclusion of xrp, sol and ada. Coinbase Ceo Brian Armstrong and Bitwise Ceo Hunter Horseli Said that they Thought the US Reserve Wound Only Include Bitcoin, Whilst Those Connected to Ripple and Cardo.

Some skeptical social media USers have questioned whotcher the trader hadr Knowledge of the Reserve, ALTHOUGH IT’S UNCLEAR WHETHER The Position Was a Hedge Or. from $ 109,000 to as Low As $ 78,000 in The Weeks Since Trump’s Inaugulation.

The Trader Has Now Closed His Long Position, Realizing ARound $ 6.8 Million in Profit.

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Oliver KnightOliver Knight is the Co-LEADER OF COINDESK DATA TOKENS AND DATA TEAM. Before joining coindesk in 2022 Oliver Spen Three Years As the Chief Reporter at Coin Riveet. He First Started Investing in Bitcoin in 2013 and Spen A Period of His Career Working at A Market Making Firm in the UK. He does not currently have any crypto holdings.

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Oliver Knight

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