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Trump's Message Earns Trader $7 Million in Leveraged Trades

Trump's Message Earns Trader $7 Million in Leveraged Trades

HappyCoinNewsHappyCoinNews2025/03/04 01:22
By:HappyCoinNews

In just 24 hours, trading on decentralized perpetual swap platform Hyperliquid netted a user $7 million in profit after opening a leveraged long position. Crucially, this was done before Trump’s crypto reserve announcement on Sunday morning.

According to blockchain data, the trader deposited about $5,6 million into the Hyperliquid account, using the funds to create long positions with 50x leverage on Bitcoin and Ethereum. The use of leverage increased his total position to a value of more than $200 million.

Early Sunday morning, the price dropped so much that the trader's long position was in danger of being liquidated. If ETH had fallen an additional $54, the trader's long position would have been liquidated, resulting in a loss of more than $2 million.

But Trump's subsequent announcement that he was working on a cryptocurrency strategic reserve sent prices soaring, prompting a trader who had been adding to his long positions all morning to close out his trades for a $7 million profit in just 24 hours, according to HypurrScan .

He would have made even more money if he had left the positions open, as Trump later explained that Bitcoin и эфириум will be included in its strategic cryptocurrency reserve.

After Trump's messages the price of bitcoin has risen by almost 10%, and kriptovalyuta Cardano , mentioned in the US President's statement, showed the largest increase in the top 10 at more than 60%.

EN @happycoinnews
EN @happycoinnews_en
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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