A trader established a long BTC position of US$100 million with 20 times leverage, and made a profit of US$2.44 million at one time, with a final profit of US$176,600.

PANews September 24 news, according to Arkham monitoring, trader 0x344 spent two days building a BTC long position worth $105.39 million on the Hyperliquid platform 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 realizing a profit of $176,600.