The merchant earns $ 7 million in 24 hours after using Bitcoin and Etherum Position Before Trump Cripto Reserve Announcements

A merchant on hyperlikuid, decentralized platforms of constant replacements, used $ 5.6 million deposit for opening 50K long positions at Bitcoin and Ethereum before the highly expected announcement of President Donald Trump regarding crypto strategic reserves. This move has led to the total value of its views at more than $ 200 million, catching the BLOCKSCHAIN ​​analyst. In only hours before the announcement, the price of Etherem fell to the point where the position of traders was in danger of liquidation, and ETH should only fall for only $ 54 to cause a loss of over $ 2 million.

However, as a week at 3 pm in the United States, the CRIPTO reserve in the United States came at 15 am UTC, which allows Bitcoin and Ethereum to enclose their positions and pocket $ 7 million in profit within 24 hours. The merchant, who brought his views throughout the morning, missed the opportunity to further use when Trump explained that Bitcoin and Etherum would be involved in the CRIPTO reserve, causing prices to increase prices.

Bitcoin saw almost a 9% increase in 24 hours after the announcement and Cardano, another Token Trump, gained a stunning 58%, exceeding both Bitcoin and Etherum. If the dealer held his views to this clarification, they would make even more earnings.

The use of the levers has amplified exposure to traders, but also puts them on the edge of liquidation, emphasizing high risk, high nature of such trading strategies.