| Key Points: – “Hyperliquid 50x Whale” executed multiple leveraged trades around the Fed’s rate decision, turning $690,000 USDC into $1.83 million USDC within three hours. – The Fed kept interest rates at 4.50% and signaled potential rate cuts in 2025 while adjusting its balance sheet reduction strategy. |
A high-stakes cryptocurrency trader, known as the “Hyperliquid 50x Whale,” executed a series of rapid-fire trades around the Federal Reserve’s interest rate announcement, turning $690,000 USDC into approximately $1.83 million USDC—a 164% profit—within three hours.
The story is even more interesting when this is the whale that has caused the Hyperliquid exchange to shake recently.
Aggressive Trading Tactics Of Hyperliquid 50x Whale
According to blockchain analyst @EmberCN, Hyperliquid 50x Whale’s operations began ahead of the Fed’s announcement. At 11:00 a.m. EDT, they opened a short position of 326 Bitcoin (BTC) at $84,566, worth $27.6 million. Just before the rate decision at 12:48 p.m., they closed the position at $83,927, securing a $215,000 profit.
Immediately after the announcement at 1:01 p.m., the trader shorted 256 BTC at $84,404 ($21.6 million) and closed the position six minutes later at $83,906, adding another $250,000 in gains. At 1:10 p.m., the whale reversed strategy, opening a long position of 518 BTC at $84,500 ($43.8 million), later closing at $85,700 by 1:59 p.m. to secure a $620,000 profit.
Finally, at 2:00 p.m., the trader shorted 384 BTC at $85,666 ($32.9 million) and exited two minutes later at $85,146, gaining an additional $106,000. At the time of writing, BTC price is hovering around $85,800 to $86,200.
Federal Reserve Rate Decision and Market Impact
The Federal Reserve left its benchmark interest rate unchanged at 4.50%, as expected. The dot plot signals a potential 50-basis-point rate cut in 2025. Additionally, the Fed will slow balance sheet reductions starting in April, lowering the monthly Treasury redemption cap from $25 billion to $5 billion, while maintaining agency debt and mortgage-backed securities (MBS) caps at $35 billion.
Fed Chair Jerome Powell noted that inflation could temporarily rise due to looming tariffs, with expectations now at 2.7% for 2024, up from January’s 2.5%. Eleven of the 19 Federal Open Market Committee (FOMC) members anticipate at least two rate cuts this year, down from 15 in December.
Speculation Over Hyperliquid 50x Whale’s Identity
The mysterious trader has drawn significant attention for executing large leveraged trades on platforms like Hyperliquid and GMX. The wallet has placed high-risk bets on Bitcoin, Ethereum (ETH), and Chainlink (LINK), fueling speculation about their identity.
Some theories have linked the account to the North Korean hacker group Lazarus, but blockchain investigator ZachXBT refuted these claims. However, there are allegations that the trader uses stolen funds for leveraged trades, suggesting criminals may be using high-risk strategies to amplify illicit profits.
Analytics firm Lookonchain reports that the Hyperliquid 50x Whale has amassed $9.46 million in profits over just eight days. However, the trader’s actions have also caused market disruptions. At one point, Hyperliquid’s liquidity pool suffered a $4 million loss due to a massive liquidation event.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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