Trader establishes $105 million BTC long position on Hyperliquid, profits $176600

Trader 0x344 established a long position of BTC worth USD105.39 million with 20 times leverage on the Hyperliquid platform. When the BTC price reached USD87200, it gained USD2.44 million. Later, as the yield of US treasury bond bonds hit 5%, the BTC price fell back. The trader closed his position and realized a profit of USD176600.