A trader identified as 0x344 realized a profit of $176,600 after closing a $105.39 million Bitcoin long position with 20x leverage on Hyperliquid. The position was built over two days and reached an unrealized gain of $2.44 million when BTC hit $87,200.
The trader exited the entire position following a Bitcoin pullback triggered by U.S. Treasury yields reaching 5%. Despite the significant interim gains, the market reversal reduced the final realized profit to less than 10% of the peak unrealized value.
Trader Nets $176K Profit on $105M Leveraged BTC Long After Yield-Driven Pullback
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