Whale Nets $1.6M Profit With 50x Leverage Amid Trump’s Crypto Reserve Announcement

CN
20 hours ago

Trump’s announcement, made via social media platform Truth Social, revealed plans to include BTC, ETH, XRP, solana (SOL), and cardano (ADA) in a national crypto reserve aimed at positioning the U.S. as the “Crypto Capital of the World.” The policy shift triggered immediate market surges, with BTC rising to $95,000 range and other assets gaining up to 75%.

Whale Nets $1.6M Profit With 50x Leverage Amid Trump’s Crypto Reserve Announcement

According to several reports, an unidentified whale deposited USDC into leveraged trading platform Hyperliquid before the announcement. The trader opened positions with entry prices of $85,908 for BTC and $2,197 for ETH, leveraging 50x to control a $300 million notional value. By early March 2, BTC and ETH prices had climbed massively, yielding profits exceeding $1.6 million.

The positions carried liquidation prices of $84,752 for BTC and $2,149.40 for ETH, indicating vulnerability to minor price dips. Analysts noted the whale’s timing aligned with the announcement’s release, suggesting either anticipation of the policy or reaction to early market movements.

Leverage at 50x amplifies both gains and risks; a 2% decline in BTC or ETH prices could erase the position. Such strategies are common in volatile crypto markets, where traders capitalize on short-term price swings driven by macroeconomic or regulatory news.

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