US President Donald Trump had made a statement saying “it’s time to buy” earlier today, before the market surge that occurred after he announced that he was suspending customs duties for many countries for 90 days.
A cryptocurrency user opened a long position in Bitcoin with 40x leverage after Trump’s call, paving the way for an interesting experiment. This position was also confirmed in the onchain data of the decentralized cryptocurrency exchange Hyperliquid.
This crypto whale, who is thought to be connected to Andrew Kang, one of the influential names in the cryptocurrency market, opened a BTC long position worth a total of $100 million with leverage.
Following the news of the partial suspension of customs duties, the Bitcoin price took a sudden leap and managed to surpass $83,000.
After the rise in Bitcoin, when current data is examined, we see that this long position has currently made a profit of $4.8 million. The whale wallet opened this position at a price level of $78,216. The liquidation level was $76,594. The giant whale paid a total of $20,000 in funding fees.
Image showing the position of the whale wallet on Hyperliquid.
However, although this whale opened such a position by taking a huge risk, it is necessary to remember that the cryptocurrency market is completely high-risk, this risk increases exponentially with leverage, and users have a high risk of losing all their money, including their principal.
*This is not investment advice.
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