With a position value of $105.39 million, a trader went long on BTC with 20x leverage and ultimately profited $176,600

Odaily News: Trader (0x344) spent two days on Hyperliquid building a BTC long position worth $105.39 million with 20x leverage. When the BTC price reached $87,200, the position was once up $2.44 million in unrealized profit. Subsequently, as U.S. Treasury yields hit 5%, the BTC price pulled back, and the trader closed the entire position, ultimately ending with a profit of $176,600.