title: One Crypto Trader Generated Astronomical Returns by Betting Big on Bitcoin (BTC) and Ethereum (ETH)

According to Lookonchain, a crypto whale deposited 6 million USDC to Hyperliquid, a decentralized exchange (DEX) built for perpetual futures trading

Crypto tracking firm Lookonchain says that one trader generated astronomical returns by betting big on Bitcoin (BTC) and Ethereum (ETH) as President Trump announced a potential US crypto reserve.

According to Lookonchain, a crypto whale deposited 8 million USDC to Hyperliquid, a decentralized exchange (DEX) that is being used for perpetual futures trading, to long BTC and ETH using 50x leverage in what turned out to be an extremely well-timed trade.

The trader’s position was taken on the same day Trump announced on the social media platform Truth Social that the US will be establishing a “crypto strategic reserve.”

Trump said that the reserve will include Bitcoin, Ethereum, XRP, Solana (SOL) and Cardano (ADA), and those digital assets promptly began surging in response.

The whale’s positions soared in value and he booked profits of nearly $7 million.

“This whale, who was long BTC and ETH with 50x leverage, has closed most of his long positions, making over $6.8 million from just one day!”

Lookonchain notes that the trader appears to make frequent leveraged trades.

“The whale who made $6.8 million from going long BTC and ETH with 50x leverage yesterday made another profit of ~$300,000 by shorting BTC today!

“The whale who made $6.8 million from going long BTC and ETH with 50x leverage yesterday made another profit of ~$300,000 by shorting BTC today!

This whale looks like a perps gambler who uses the highest leverage. He also used 100x leverage to short/long BTC and ETH on GMX, traded 75 times on GMX in less than a month, with a win rate of 62.66%, and a total loss of $1.22 million.”

This whale looks like a perps gambler who uses the highest leverage. He also used 100x leverage to short/long BTC and ETH on GMX, traded 75 times on GMX in less than a month, with a win rate of 62.66%, and a total loss of $1.22 million.”

Bitcoin is trading for $90,051 at time of writing, down 2.2% in the last 24 hours. Meanwhile, Ethereum is trading for $2,279 at time of writing, down 7.6% on the day.

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Generated Image: Midjourneyoutput: A crypto whale had a lucky day after dumping 8 million USDC to Hyperliquid for long BTC and ETH with 50x leverage. He closed most of his long positions, making over $6.8 million from just one day!

At the beginning of the day, a crypto whale deposited 8 million USDC to Hyperliquid for long BTC and ETH with 50x leverage. The trader had a lucky day as his positions soared in value.

As for the reason for the rapid rise in cryptocurrency prices today, former U.S. President Trump announced on Truth Social that the U.S. will be establishing a “crypto strategic reserve.”

The establishment will include Bitcoin, Ethereum, XRP, Solana and Cardano.

"The U.S. will be establishing a crypto strategic reserve, which will include Bitcoin, Ethereum, XRP, Solana and Cardano. We are putting together a taskforce to identify and select the best performing cryptocurrencies to be included in the initiative. This move aims to fortify the American economic structure and secure our financial stability in the face of emerging technologies and the evolving global financial landscape. We will be making some big announcements soon. We have to take care of America first. It's time to return to strength and stability!" Trump said.

Later in the day, the whale began closing his positions and realized huge gains.

"The Hyperliquid user, who was long BTC and ETH with 50x leverage, has closed most of his long positions. He made over $6.8 million from Hyperliquid in just one day!"

This whale appears to make frequent leveraged trades and isn't afraid to go all in. He also used 100x leverage to short/long BTC and ETH on GMX, traded 75 times on GMX in less than a month, with a win rate of 62.66%, and a total loss of $1.22 million.

This whale appears to make frequent leveraged trades and isn't afraid to go all in. He also used 100x leverage to short/long BTC and ETH on GMX, traded 75 times on GMX in less than a month, with a win rate of 62.66%, and a total loss of $1.22 million.

"The Hyperliquid user, who was long BTC and ETH with 50x leverage, had a total loss of $1.22 million in 75 trades on GMX in less than a month, and his win rate was 62.66%."

"This user prefers to use the highest leverage and trades very frequently. He used 100x leverage to short/long BTC and ETH on GMX, and he had a total loss of $1.22 million."

"The Hyperliquid user closed his short position on BTC at a loss of $304,782. He opened a short position on BTC with 50x leverage yesterday and closed it today at a loss. It seems that he prefers to use the highest leverage and trades very frequently."

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