Trader Nets $6.8M on Bitcoin and Ethereum Longs Before Trump’s Crypto Reserve Announcement
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March 3, 2025 4:31 PM
In Brief
A crypto trader made $6.8 million in profit after well-timed 50x leveraged Bitcoin and Ethereum long positions.
Positions were opened just hours before Trump’s U.S. Crypto Reserve announcement, triggering market-wide gains.
A crypto trader on decentralized derivatives exchange Hyperliquid successfully turned $6 million in USDC into $6.8 million in profit by placing highly leveraged bets on Bitcoin (BTC) and Ethereum (ETH) just before Donald Trump’s U.S. Crypto Reserve announcement.
The trader used 50x leverage, opening ETH long positions between $2,190 and $2,202 just 35 minutes before Trump’s statement on Truth Social. The announcement—which confirmed a U.S. Crypto Strategic Reserve including BTC, ETH, XRP, SOL, and ADA—sent crypto prices soaring.
Following the news, Bitcoin surged past $90,000 while Ethereum climbed above $2,400, allowing the trader to exit in phases, selling BTC between $87,500 and $91,399, and ETH above $2,270.
While it’s unclear whether the trader acted on speculation or prior knowledge, the perfectly timed trades resulted in a $6.8 million profit by Sunday afternoon.
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