Trader Nets $6.8M on $200M BTC Bet Just Before Trump’s Crypto Reserve Announcement
A high-stakes trader on the decentralized derivatives platform Hyperliquid turned a $200 million Bitcoin (BTC) long position into a $6.8 million profit, just before U.S. President Donald Trump’s surprise announcement about the nation’s crypto reserve triggered a market-wide rally.
Using 50x leverage, the trader placed the bet with only $4 million in collateral. At one point, the position was just $50 away from liquidation, with an entry price of $85,908 and a liquidation threshold at $84,752.
Instead of crashing, Bitcoin surged over 11% from $85,000 to $97,255 following Trump’s statement on Truth Social. However, the trader may have missed even bigger gains, as ADA and XRP skyrocketed 47% and 18%, respectively.
Trump’s announcement stunned the market, particularly because the reserve included XRP, SOL, and ADA alongside Bitcoin. Coinbase CEO Brian Armstrong and Bitwise CEO Hunter Horsely had expected BTC to be the sole asset in the reserve, while Ripple and Cardano insiders celebrated the unexpected inclusion of their tokens.
Some social media users speculated whether the trader had inside information, though it’s unclear whether the position was a hedge or simply a bet that BTC had bottomed after its decline from $109,000 to $78,000 in the weeks following Trump’s inauguration.
The trader has since exited the position, securing a profit of approximately $6.8 million.
