#TradeStories Here's the story of a daring crypto trader who turned $4 million into $6.8 million with a bold Bitcoin bet.
The Trade
A high-stakes trader opened a massive $200 million long position on Bitcoin via Hyperliquid, using 50x leverage. The trade was placed at $85,908 per $BTC with a liquidation price of $84,752. This meant that if Bitcoin's price dropped to or below $84,752, the entire collateral would have been wiped out.
The Risk Pays Off
However, the trader's gamble paid off when Donald Trump announced the creation of a national crypto reserve, sparking a surge in Bitcoin's price. This led to a market-wide rally, resulting in a $2.8 million profit for the trader, turning their initial $4 million investment into $6.8 millions #Trump's
Market Impact
This trade showcases the volatile nature of crypto markets and how quickly fortunes can change with the right news. Trump's announcement has been seen as a bullish signal for the crypto industry, with some traders expecting Bitcoin to reach new all-time highs.$BTC $TRUMP