Mystery Trader Bets $200M on Crypto – What Do They Know That You Don't?

In a high-stakes trading maneuver, a mysterious crypto trader on the decentralized exchange Hyperliquid turned $5.6 million into a massive market position, raising suspicions of potential insider trading.

Using 50x leverage, a trader opened a massive $200 million long position on Bitcoin and Ethereum just hours before Trump posted about a strategic crypto reserve that would include BTC and ETH.

The high-risk strategy quickly drew attention from blockchain analysts, especially as Ethereum's price dipped before the announcement, bringing the position close to liquidation.

A further $54 drop in ETH could have triggered losses exceeding $2 million.

Whoever that Hyperliquid trader long $200M is, I hope you make a gazillion dollars. Market News and Data brought to you by Benzinga APIs

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