What to know:
- So, a trader decided to throw caution to the wind and opened a $200 million BTC long position right before Donald Trump dropped his crypto bombshell on Sunday. 🎉
- It was a nail-biting moment as the position was on the edge of liquidation, but lo and behold, BTC skyrocketed by over 11% after the announcement! Talk about a rollercoaster! 🎢
- In the end, our daring trader walked away with a cool $6.8 million profit. Not too shabby, eh? 💸
Picture this: a trader on the decentralized derivatives platform Hyperliquid, armed with 50x leverage, decided to go big or go home with a $200 million long position on bitcoin (BTC) on Sunday. And guess what? They netted a whopping $6.8 million after Trump’s announcement sent the market into a frenzy! 🎊
With $4 million in collateral, this trader was living on the edge, just $50 away from liquidation. The entry point was at $85,908, with a liquidation price of $84,752. Talk about living dangerously! 😱
Instead of crashing and burning, BTC soared from $85,000 to $97,255 after Trump’s tweet on Truth Social. But wait! Did our trader pick the wrong horse? ADA and XRP were the real stars, gaining 47% and 18% respectively. Oops! 😬
Trump’s announcement was a plot twist no one saw coming, especially with XRP, SOL, and ADA making the cut. Coinbase CEO Brian Armstrong and Bitwise CEO Hunter Horsely were left scratching their heads, thinking it would just be Bitcoin. Meanwhile, Ripple and Cardano fans were doing victory laps on social media. 🏃♂️💨
Of course, some skeptics on social media are wondering if our trader had a secret insider scoop on the reserve. Was it a hedge, or did they genuinely believe BTC had hit rock bottom after plummeting from $109,000 to a mere $78,000 since Trump took office? The mystery deepens! 🕵️♀️
In the end, the trader closed their long position, pocketing around $6.8 million. Not a bad day at the office, right? 😏
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2025-03-03 19:38