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

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.