Crypto Trader Scores $6.8 Million from Bitcoin & Ethereum
The entire cryptocurrency market was back in action after Donald Trump’s latest post announcing the Crypto Strategic Reserve. The world’s largest cryptocurrency Bitcoin (BTC) jumped back above the $90,000 and the rest of the market followed suit. Amidst this rapid recovery, a trader was seen making headlines after pocketing $6.8 million from leveraged longs on BTC and Ether (ETH). While some linked this to luck, a few others were hinting at insider trading. Also Read: IRFC Shares Might Crash Another 15%, Reach 90-92 Level How Did The Cryptocurrency Trader Pocket $6.8 Million? Source: Watcher Guru According to data from cryptocurrency analytics website HyperDash, the whale placed the long bets on March 1 by depositing $5.9 million in USD Coin (USDC) on the decentralized derivatives market Hyperliquid. This was followed by yet another long bet. On March 1 at 10:44 p.m. UTC, when Bitcoin was trading at about $86,033, the first long position was made. Then, a large number of pos...