Pakistani influencer and cryptocurrency aficionado Waqar Zaka has demonstrated his mettle by raking in significant profits amidst the market turmoil.
Zaka, renowned for his daring live transmissions and keen interest in cryptocurrencies, seized the opportunity presented by today's volatile market conditions to secure substantial gains.
During a riveting live broadcast on YouTube, Zaka showcased his trading prowess by executing two high-stakes trades with a margin of $50,000 each, leveraging his $200,000 trading account.
Zaka managed to accrue a remarkable $25,000 profit from one trade and an impressive $28,000 from another, all within a mere 3-4 hour timeframe.
As the cryptocurrency market witnessed a sharp downturn, with Bitcoin plummeting to $66,000 and altcoins experiencing double-digit declines, Zaka's strategic manoeuvres stood out amidst the chaos.
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The sudden market correction triggered the liquidation of approximately $850 million worth of leveraged derivatives trading positions across digital assets, highlighting the magnitude of the market volatility.
Against the backdrop of escalating geopolitical tensions and fears of a widening conflict in the Middle East, traditional safe-haven assets such as Treasury bonds, the U.S. dollar index (DXY), and gold surged, while equities and cryptocurrencies faced selling pressure.
