This Trader Cashed in $7 Million Overnight – Here’s What Happened!

Jakarta, Pintu News – A crypto trader pulled off an astonishing $7 million profit in record time by leveraging Bitcoin and Ethereum up to 50x.

This massive win came just before a major announcement from U.S. President Donald Trump regarding a strategic crypto reserve that includes BTC and ETH. The timing has sparked allegations of insider trading, leaving the crypto community buzzing with speculation.

High Risk Strategy

The trader known as the “whale” deposited $5.9 million in USD Coin into Hyperliquid, a decentralized crypto derivatives exchange platform, on March 1, 2025.

Read also: Why Crypto Down Today (4/3/25)?

By leveraging about $4 million, the whale managed to open a leveraged position that reached $200 million. This strategy demonstrates high risk-taking that can lead to huge profits in a very short period.

The first long position on Ethereum (ETH) was opened on March 2 at 2:49 PM UTC. Just 35 minutes after the position was opened, Trump’s announcement caused the price of the crypto to surge, and the whale started closing its position 16 minutes after the announcement.

This raises suspicions about possible access to information before it is made public.

Suspicious Timing

The first long position on Bitcoin (BTC) was opened even earlier, on March 1 at 10:44 PM UTC, when BTC was trading at $86,033. A number of Bitcoin positions were closed before Trump’s announcement, which adds suspicion to the timing of the transaction.

Trump’s initial announcement only mentioned Ripple , Solana (SOL), and Cardano , and two hours later confirmed the participation of Bitcoin and Ethereum.

Crypto commentators, including Carl Moon, find the timing of this transaction highly suspicious, with Moon stating that this may be the biggest case of trading in information he has ever witnessed.

However, there are also those who argue that it is possible that insiders knew there would be an announcement but not the details.

Read also: 4 Altcoin to Watch Closely Ahead of the March 7 Crypto Summit 2025!

Market Impact and Speculation

This announcement not only shook the crypto market but also led to widespread speculation regarding the integrity of the market. Trump’s Working Group on Digital Assets has been evaluating policies for several weeks and will hold the first Crypto Summit at the White House on March 7 to discuss regulation and stablecoins.

This incident shows how political announcements can dramatically affect the crypto market. The case is still a hot topic of discussion among investors and analysts, with many questioning the extent to which this information can influence future investment decisions.

Furthermore, this incident also highlights the importance of transparency and stricter regulation in the crypto market to prevent market manipulation.

Overall, this incident opened many eyes to the potential and risks involved in the crypto market. Although it provides great profit opportunities, volatility and the influence of big news such as government announcements can drastically change the market situation.

Investors and traders should always be vigilant and do in-depth research before jumping into high-risk transactions such as leverage.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crypto Times. Trader Profits $7M in One Day from 50x Leverage on BTC & ETH. Accessed on March 4, 2025
• The Block. Trader Makes $7 Million in One Day Going 50x Long Bitcoin & Ether Ahead of Trump’s Crypto Reserve Announcement. Accessed on March 4, 2025