Trader Gains Millions on $200M Bitcoin Bet Just Before Trump's Crypto Announcement

A trader leveraged a $200 million long position on Bitcoin days before a significant announcement regarding a U.S. crypto reserve, nearly facing liquidation but ultimately profiting.

March 03, 20251 min read

Background

A trader on the decentralized derivatives platform Hyperliquid opened a long position on Bitcoin worth $200 million just before a major announcement regarding the U.S. crypto reserve.

Profit from Uncertainty

At times, this position was just $50 away from liquidation, yet following President Trump’s statements, Bitcoin surged by over 11%. Ultimately, the trader realized a profit of approximately $6.8 million after closing the position.

Key Events:

Long Position: $200 million on BTC
Highest Profit: $6.8 million
Price Movements: BTC rose from $85,000 to $97,255.
Other Cryptos: ADA and XRP saw increases of 47% and 18%, respectively.

Market Reactions

Trump’s announcement took many by surprise, especially with the inclusion of other cryptocurrencies like XRP, SOL, and ADA, leading to widespread reactions from various figures in the crypto community.