A crypto trader has just changed well-timed bets in $ 6.8 million after placing very leverage bets on Bitcoin and Ethereum, so that the hours before the announcement of the American crypto reserve of President Donald Trump on Sunday long positions in liver.
The trader, active on decentralized derivatives exchange, hyperliquid, has deposited $ 6 million in USDC and used 50x leverage to open long positions in Bitcoin and Ethereum, according to On-Chain Analytics Platform Lookonchain.
The strategy bore a considerable risk – a price drop of 2% would have caused liquidation – but instead the market increased after the announcement of Trump, which allowed the trader to take millions of profits.
Strategic market timing raises questions
At 9:49 am et on Sunday the trader aggressive Ethereum -long -long positions and to acquire hundreds of ETH contracts on $ 2,190 to $ 2,202, according to data provided by Analytics Dashboard Hydroplica.
Only 35 minutes later, at 10:24 am et, Trump announced about Truth Social that his administration would set up a US crypto strategic reserve, Bitcoin, Ethereum, XRP, Solana and Cardano as part of the initiative.
It is unclear whether the move was based on speculation or prior knowledge of the approaching statement.
In any case, the market immediately responded to Trump’s announcement with Bitcoin, which increased further than $ 90,000 while Ethereum climbed above $ 2,400. Both assets have risen 10% and 14.6% respectively on the day to $ 94.378 And $ 2,540, according to Coingecko data.
The move comes after Trump has signed an executive order about digital assets, the establishment of a presidential working group to shape the crypto policy and to explore its campaign blade of a Bitcoin reserve.
The surprise recording of XRP, Cardano, Solana and Ethereum to that initiative, which increases prices.
His announcement follows months of legal reverse, whereby the SEC withdraws from legal fights against large crypto companies such as Coinbase and Robinhood.
$ 6.8 million profit in phased outputs
As the crypto prices rose, the trader began to close positions in phases, causing profits to be obtained, while the exposure to volatility was reduced.
Bitcoin outputs were performed between $ 87,500 and $ 91,399, while Ethereum positions were sold above $ 2,270, according to data on the chain.
By Sunday afternoon, the trader had completely left the majority of their positions and locked a win of $ 6.8 million.
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