Trader Makes $7 Million in 24 Hours After Leveraging Bitcoin and Ethereum Positions Ahead of Trump’s Crypto Reserve Announcement
In a remarkable display of market timing, an anonymous crypto trader has reportedly earned $7 million in just 24 hours by leveraging Bitcoin (BTC) and Ethereum (ETH) positions ahead of former U.S. President Donald Trump’s crypto reserve announcement.
According to blockchain data, the trader placed significant leveraged bets on BTC and ETH before Trump’s statement, which hinted at the potential inclusion of cryptocurrencies in national reserves. As speculation spread, Bitcoin and Ethereum surged in value, triggering massive liquidations of short positions and fueling further price increases.
The trader’s strategy involved high-risk leverage, amplifying both potential profits and losses. However, with the crypto market reacting positively to the news, Bitcoin briefly surpassed key resistance levels, while Ethereum saw double-digit percentage gains. Analysts suggest that the trader had insider knowledge or made a highly calculated bet based on market sentiment and political developments.
Trump’s crypto-friendly stance has been gaining attention, especially as the 2024 U.S. presidential elections approach. His recent comments on integrating digital assets into financial reserves sparked renewed interest from institutional investors and retail traders alike.
The trader’s success highlights the volatility and opportunity within the cryptocurrency market, where rapid price movements can generate massive returns—or devastating losses. While many are celebrating this strategic move, others warn that such leveraged trading carries significant risks.
As the crypto market continues to evolve, traders and investors will be closely watching further developments, particularly any official policy changes regarding digital assets.
