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How does a trader make profits from $50k by trading with leverage on Bitcoin and Ethereum?
The cryptocurrency market continues to surprise with stories of traders leveraging strategies to multiply their gains. A recent case shows how the address 0x89BC managed to capitalize on movements in BTC and ETH through leveraged positions on the Hyperliquid platform.
The strategy: aggressive 10x leverage
The trader executed a bold move by depositing 4 million USDC over four days. His strategy combined two simultaneous fronts: a long position in Bitcoin with 10x leverage on 218.6 BTC and a short position in Ethereum by selling 5,294 ETH. This dual approach reflects a market reading where BTC was expected to rise while ETH retreated.
The numbers: unrealized gains vs. floating losses
Partial results reveal a mixed picture. The BTC position, now valued at $19.15 million, currently shows an unrealized loss of $88,000. In contrast, the short ETH strategy with a valuation of $15.59 million has generated gains of $139,000. The final balance: $50,000 in net gains, although the positions are still open.
What’s happening in the market?
According to on-chain activity analysis, this operation appears to respond to key support and resistance levels that the trader identified beforehand. With Bitcoin currently trading around $92.27K and Ethereum at $3.14K, the move suggests that sophisticated operators are paying attention to micro and macro market changes.
These types of leveraged positions are not for beginners. Although the outcome was positive in this case, leverage magnifies both gains and losses, turning every market move into a risk multiplier.