Crypto trader makes $600k in 2 hours with amazing short position
Many a cryptocurrency trader spotted the opportunities presented by new or struggling digital assets, thus turning modest sums of money into veritable fortunes within mere days and, sometimes, hours throughout 2024. In the small hours of February 7, 2025, one such investor saw and took an opportunity to bet on a new token – Berachain (BERA) – collapsing in value soon after its launch, thus reversing a common theme of many traders being left ‘holding the bag’ after the often brief and violent post-listing rally. Specifically, the short trader used approximately 1.6 million USDC stablecoin to bet against BERA on the decentralized platform Hyperliquid to bet against the cryptocurrency. Picks for you Bybit announces a Valentine’s Day deal with 14% cashback for Bybit Card holders 1 hour ago ...