A cryptocurrency that has placed hundreds of 50x long-term bets on bitcoin and ether before US President Donald Trump announces that a Crypto strategic reserve took advantage of nearly $ 7 million in the trades.
The whale deposited $ 5.9 million in USD parts (USDC) on decentralized decentralized decents exchanging a hyperliquid on March 1 to place long positions, according to the Crypto Analytics Hyperdash platform.
The whale placed its first ether position (ETH) on March 2 at 2:49 p.m. UTC. Thirty -five minutes later, Trump announced the cryptographic strategic reserve – almost immediately causing an explosion in market prices.
About 4 million dollars were used to create $ 200 million in positions with the 50x lever effect. The positions of the whale ether of the address of the Ethereum portfolio »0X4D… 02C62″ began to close 16 minutes after Trump’s announcement, some specifying if the initiate offense was involved.
The whale began to close several ether positions shortly after Trump’s announcement. Source: Source: Hyperdash
However, the first position of Bitcoin (BTC) was placed on March 1 at 10:44 p.m. UTC, when Bitcoin was negotiated about $ 86,033. Many positions were then closed between $ 87,512 and $ 91,399.
Some of these Bitcoin output posts preceded Trump’s announcement.
Most whale positions have now been closed for a profit over $ 6.8 million, according to Hyperdash.
Position of profit and loss for cryptocurrency behind the portfolio “0x4D … 02C62” address of the profit in the last 24 hours. Source: Hyperdash
However, it should be noted that Trump’s first article on the Crypto Strategic Reserve only confirmed XRP (XRP), Solana (Sol) and the inclusion of Cardano (ADA).
Almost two hours later, Trump confirmed that bitcoin and ether were not only included, but would be at the “heart of the reserve”.
Between these two positions, the prices of bitcoin and ether increased, but not to the same extent as the other tokens initially mentioned.
Introductory trading? Experts speculate
The 50x lever effect meant that a price drop of 2% in bitcoin or ether would have triggered a liquidation, which has industry experts to speculate if the initiate offense was involved.
The founder and host of The Moon Show, Carl Moon, said: “This long of $ 200 million on Bitcoin and Ethereum before the announcement of the Bitcoin Strategic Reserve could be the biggest initiate trade that I have ever seen.”
“Feel illegal.”
An X user suggested that the merchant would have sucked up to other tokens if he had known on the incoming announcement of Trump, to which the Crypto researcher “Fatman” had replied:
“I don’t know if it was an initiate or not, but it is also possible for an initiate to know that the tweet arrives, but does not know the exact content of the tweet.”
In relation: Bitcoin Price Metric Hits ‘Optimal Dca’ Zone Non Vue since BTC exchanged $ 50,000 to $ 70,000
The CRYPTO strategic reserve follows weeks of evaluation of the newly trained working group of the president on digital assets, led by the executive director Bo Hines and David Sacks, the AI of the White House and the Czar Crypto.
Trump is expected to welcome the first summit of the White House cryptography on March 7, inviting the industry leaders to meet the Bohs of the Working Group and Trump AI and the Cryptographic Tsar David Sacks to discuss, among other regulatory policies and supervision of Stablecoin, among others.
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