Massive $200M BTC Wager Nets Millions for Trader Following Trump’s Crypto Reserve Update

Trader Turns $200M BTC Bet Into $6.8M Profit Just Before Trump’s Crypto Reserve Shock

A trader on decentralized derivatives platform Hyperliquid pulled off a high-risk, high-reward move on Sunday, placing a $200 million long position on Bitcoin (BTC) with 50x leverage—mere hours before U.S. President Donald Trump’s crypto reserve announcement sent markets soaring.

With just $4 million in collateral, the trader’s position came dangerously close to liquidation, with an entry at $85,908 and a liquidation price of $84,752—just a $50 drop away from being wiped out.

Instead of falling, BTC jumped more than 11% from $85,000 to $97,255 following Trump’s unexpected post on Truth Social. However, while the trader walked away with millions, ADA and XRP outperformed BTC with massive surges of 47% and 18%, respectively.

The market was caught off guard by Trump’s inclusion of XRP, SOL, and ADA in the U.S. crypto reserve. Coinbase CEO Brian Armstrong and Bitwise CEO Hunter Horsely had anticipated Bitcoin would be the sole asset, while members of the Ripple and Cardano communities quickly celebrated the news.

Some on social media have speculated whether the trader had inside knowledge of the announcement, though it’s unclear if the position was a strategic hedge or a bet that BTC had hit a bottom after its decline from $109,000 to $78,000 in the weeks following Trump’s inauguration.

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