Trader Nets $6.8M on $200M BTC Bet Just Before Trump’s Crypto Reserve Bombshell
A high-stakes trader on the decentralized derivatives platform Hyperliquid made a bold move on Sunday, opening a $200 million long position on Bitcoin (BTC) with 50x leverage—just before U.S. President Donald Trump’s unexpected crypto reserve announcement ignited a market rally.
With only $4 million in collateral, the trader’s position was razor-close to liquidation, entering at $85,908 with a liquidation threshold of $84,752—just a $50 drop away from being wiped out.
Instead of crashing, BTC surged over 11% from $85,000 to $97,255 after Trump’s statement on Truth Social. While the trader walked away with $6.8 million in profit, even bigger gains were seen elsewhere—ADA skyrocketed 47%, and XRP climbed 18%.
Trump’s revelation shocked many, particularly due to the inclusion of XRP, SOL, and ADA in the U.S. crypto reserve. Coinbase CEO Brian Armstrong and Bitwise CEO Hunter Horsely had anticipated Bitcoin to be the only asset, while Ripple and Cardano communities took a victory lap on social media.
Speculation quickly arose over whether the trader had prior knowledge of the reserve announcement. However, it remains unclear whether the position was a hedge or simply a well-timed bet that BTC had bottomed after dropping from $109,000 to as low as $78,000 in recent weeks.
The trader has now exited the position, securing a final profit of $6.8 million.
