Mysterious trader buys $200 million ahead of U.S. market open
On the morning of March 23, two contrary statements made the news.
First, U.S. President Donald Trump claimed that the United States has decided to postpone attacks on Iran's power and energy infrastructure for the next five days because the two countries have engaged in productive discussions.
Next, a senior Iranian security official denied that any such talks happened and claimed the U.S. president decided to refrain from further attacks on Iran due to pressure from the markets and American allies.
U.S. President Donald Trump speaks at the Coosa Steel Corporation on February 19, 2026 in Rome, Georgia.
As it happened, Bitcoin (BTC) first jumped north of $71,500 and later fell to $70,000.
Bitcoin surges on Monday morning. Source: Decibel DEX
It was the same for Ethereum (ETH) which first soared toward $2,190 and fell to $2,120.
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Nonetheless, both the cryptocurrencies recovered a little, with BTC at $70,888.91 and ETH at $2,146.69 currently.
More on Trump:
- Mysterious trader bets millions ahead of Trump's 4PM executive order
- Mysterious traders move nearly $300 million in crypto as oil surges
- Mysterious traders move millions ahead of Trump’s 9pm State of the Union speech
Traders opens long positions on Bitcoin, Ether
Amidst these market trends, a mysterious trader opened long positions worth more than $200 million on both these assets on Hyperliquid before the U.S. market opened today.
- Bitcoin — 20-times-leveraged long position worth around $50 million
- Ether — 15-times-leveraged long position worth $150 million
Hyperliquid is a decentralized crypto trading exchange that has gained popularity among retail traders for its derivatives trades facility.
The trader has made an unrealized profit of $2.3 million on these trades so far. Overall, they are sitting on an unrealized profit of $8.67 million.
Source: Hyperdash, 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41
This isn't the first time a trader has made such moves ahead of major news.
From Trump's tariff announcements to the Supreme Court's tariff rulings, traders have often placed multi-million orders and made profits. Such instances have also led to accusations of insider trading.
