Trader turns $29.6 million ETH long position into $2.29 million profit

According to Arkham monitoring, a trader identified as 0x0c5 on the Hyperliquid platform held a $29.6 million ETH long position with 20x leverage, entered at $2,482.20 three weeks ago. After facing a floating loss of $1.6 million four days ago, the position has shifted to a $2.29 million profit following a 5.5% rise in the price of ETH.