Whale trader earns $10 million on Bitcoin prior to Federal Reserve meeting!
A whale trader, just a day before the Federal Reserve meeting on March 19th, used 40x leverage short trades to earn around $10 million profit in a short period. The trader placed 6,210 bitcoins worth over $516 million in a selling position and quickly closed positions after the price drop. After exiting the bitcoin short trades, the whale trader purchased over 3,200 ethers, equivalent to $6.1 million, with the profit obtained. Currently, markets are almost 99% certain that the Federal Reserve will maintain the interest rate at its current level.
