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Trader Closes Bitcoin Long Worth $105.39 Million After $2.44 Million Unrealized Gain
The trader used 20x leverage on Hyperliquid and realized a $176,600 profit after Bitcoin reached $87,200 before retreating.
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Trader 0x344 closed a Bitcoin (BTC) long position worth $105.39 million after it reached a $2.44 million unrealized gain, ending the trade with a $176,600 realized profit.
The trader built the position over two days on Hyperliquid using 20x leverage. The position reached its peak unrealized gain when Bitcoin rose to $87,200.
Bitcoin later retreated as U.S. Treasury yields reached 5%, prompting the trader to close the entire position. The trade was completed with a net realized gain of $176,600.
