Trader 0x344 spent two days building a Bitcoin long position worth $105.39 million on Hyperliquid using 20x leverage, which amplifies market exposure relative to posted collateral. When Bitcoin reached $87,200, the position showed an unrealized profit of $2.44 million. After U.S. Treasury yields touched 5% and Bitcoin retreated, the trader closed the entire position, locking in a final profit of $176,600, according to monitoring by Arkham cited by PANews on Sept. 24.