Trader Closes Bitcoin Long Worth $105.39 Million After $2.44 Million Unrealized Gain

A trader on Hyperliquid closed a long position in Bitcoin (BTC) worth $105.39 million after it reached an unrealized gain of $2.44 million, resulting in a realized profit of $176,600.

The trade was built over two days using 20x leverage and reached its peak when Bitcoin price rose to $87,200.

However, as U.S. Treasury yields increased to 5%, the market retreated, prompting the trader to close the entire position.