Trader Nets $6.8M in Bitcoin, Ethereum Bets Ahead of Trump Crypto Post
A crypto trader made $6.8m after placing highly leveraged bets on Bitcoin (BTC) and Ethereum (ETH) just before President Donald Trump’s...
A crypto trader made $6.8m after placing highly leveraged bets on Bitcoin (BTC) and Ethereum (ETH) just before President Donald Trump’s announcement of a U.S. Crypto Strategic Reserve.
According to HyperDash, the trader put $5.9m in USD Coin (USDC) into Hyperliquid, a decentralized derivatives exchange, on March 1. He then used those funds to open $200m in leveraged long positions with a 50x multiplier—a high-risk strategy that amplifies both gains and losses.
Trader profits $6.8M from BTC, ETH bets placed before Trump crypto reserve post pic.twitter.com/U0aSEmozr1
— The Global Current (@360_Globalnews) March 3, 2025
Trader’s Bets:
-
First Bitcoin long position: March 1 at 10:44 PM UTC, $86,033.
-
First Ethereum long position: March 2 at 2:49 PM UTC, 35 minutes before Trump’s post.
-
Positions closed: Many trades closed between $87,512 and $91,399.
-
Profit: Over $6.8m, most positions closed after the pump.
Trump’s Announcement Causes Market Frenzy
On March 2, Trump announced the Crypto Strategic Reserve, a move to solidify the U.S.’s position in digital finance.
Trader profits $6.8M from $BTC and $ETH bets placed before Trump announced the U.S. Crypto Strategic Reserve; positions closed swiftly after the announcement raised market prices. Speculations of insider trading arise. $BTC $ETH
— CryptoEdge (@EdGeraldX) March 3, 2025
Market Reactions Following Trump’s Posts:
-
First post mentioned XRP, Solana and Cardano as part of the reserve.
-
BTC and ETH not included initially, prices went up slightly.
-
Two hours later Trump confirmed BTC and ETH were included, the price went up big time. Bitcoin went above $92,800, Ethereum above $2,427. Some are wondering if this whale was insider trading.
Bitcoin surged past $92,800, while Ethereum climbed above $2,427, marking significant gains. However, some industry experts questioned whether the timing of the whale’s leveraged positions indicated insider knowledge of the announcement.
Insider Trading? Industry Experts Weigh In
With such precisely timed bets, speculation arose regarding possible insider trading.
-
Carl Moon, host of The Moon Show, stated,
“This $200 million long on Bitcoin and Ethereum before the Bitcoin Strategic Reserve announcement could be the biggest INSIDER TRADE I’ve ever seen.” -
Given the 50x leverage, a 2% drop in price could have liquidated the positions, making the trader’s confidence in market direction particularly noteworthy.
The White House will host its first Crypto Summit on March 7 and Bo Hines and David Sacks, leaders of Trump’s Working Group on Digital Assets, will be talking to industry execs about regulatory policies and stablecoin oversight.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save