$200M Bitcoin Gamble Pays Off as Trader Strikes Big Before Trump’s Crypto Reserve Reveal

High-Stakes Trader Banks $6.8M on $200M BTC Bet Ahead of Trump’s Crypto Reserve Reveal

A daring trader on the decentralized derivatives platform Hyperliquid walked a fine line between liquidation and massive profits, turning a $200 million Bitcoin (BTC) long position into a $6.8 million gain—just before U.S. President Donald Trump’s crypto reserve announcement sent the market soaring.

Leveraging 50x on the trade, the investor risked only $4 million in collateral. The position, entered at $85,908, was perilously close to liquidation at $84,752, coming within just $50 of being wiped out.

Instead, BTC surged more than 11% from $85,000 to $97,255 following Trump’s statement on Truth Social. However, while the trader’s bet paid off, even larger gains were seen elsewhere—ADA skyrocketed 47%, and XRP climbed 18%.

Trump’s revelation shocked many, as the U.S. crypto reserve included not just Bitcoin but also XRP, SOL, and ADA. Industry leaders such as Coinbase CEO Brian Armstrong and Bitwise CEO Hunter Horsely had expected BTC to be the only asset included, while Ripple and Cardano supporters took to social media to celebrate.

Speculation quickly emerged regarding whether the trader had prior knowledge of the reserve announcement. However, it remains unclear whether the position was a hedge or simply a bet that BTC had found a bottom after dropping from $109,000 to as low as $78,000 in recent weeks.

The trader has now closed the position, securing a final profit of approximately $6.8 million.

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