How One Trader Turned Panic Into $192M Profit

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How an anonymous wallet profited from the crypto chaos

An anonymous wallet (0xb317) on the Hyperliquid derivatives exchange reportedly earned a $192-million profit within just a few hours during a period of sharp market volatility.

As Bitcoin (BTC) and Ether (ETH) prices fell sharply, many traders were hit with liquidations that erased more than $1 billion in leveraged positions. During the sell-off, one trader managed to time a short that paid off in a big way. Whether it was luck, timing or experience isn’t clear.

The wallet’s timing, just…



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How One Trader Turned Panic Into $192M Profit


How an anonymous wallet profited from the crypto chaos

An anonymous wallet (0xb317) on the Hyperliquid derivatives exchange reportedly earned a $192-million profit within just a few hours during a period of sharp market volatility.

As Bitcoin (BTC) and Ether (ETH) prices fell sharply, many traders were hit with liquidations that erased more than $1 billion in leveraged positions. During the sell-off, one trader managed to time a short that paid off in a big way. Whether it was luck, timing or experience isn’t clear.

The wallet’s timing, just…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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