Summary: A trader on a decentralized derivatives exchange, Hyperliquid, deposited $6 million in USDC and used 50x leverage to open long positions in Bitcoin and Ethereum. The trader then aggressively increased Ethereum long positions just before Trump announced the establishment of a U.S. Crypto Strategic Reserve, which included Bitcoin, Ethereum, XRP, Solana, and Cardano. Following the announcement, the market surged, allowing the trader to exit with millions in gains. The trader closed positions in phases as crypto prices surged, resulting in $6.8 million in profit.



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