Insider Trading? Whale Bets Big on BTC And ETH Before Trump’s Crypto Post, Nets $6.8M

A high-stakes cryptocurrency trader, commonly referred to as a “whale,” made a staggering $6.8 million profit in a single day after placing a highly leveraged bet on Bitcoin (BTC) and Ethereum (ETH). The timing of the trade has raised speculation, as it coincided precisely with former President Donald Trump’s announcement of a US Crypto Reserve on Sunday on Truth Social, sparking speculation that it could be a case of insider trading timed with Trump's announcement. The trader reportedly used $4 million to open a $200 million leveraged position, significantly amplifying both potential gains and risks. The bet carried extreme downside exposure, as even a small price dip could have triggered liquidation, wiping out the position entirely. However, Trump’s post fueled a rapid surge in BTC and ETH prices, allowing the whale to cash out before any market pullback. Reports indicate that the trader went long on ETH at $2,197 and BTC at $85,908, with liquidation levels perilously close at $2,149.4 and $84,752, respectively. Trump Announces Strategic Crypto Reserve President Donald Trump on Sunday announced the formation of a United States Strategic Crypto Reserve, which will include major cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). The President's announcement on Truth Social on Sunday afternoon caused a massive surge in bitcoin prices, with all major currencies seeing a bounce.