Gate News reports that on March 17, on-chain analyst Yu Jin monitored that after ETH surged by 8%, a major trader closed a position and took profits two hours ago, selling 40,000 ETH (worth $94.44 million) and earning $14.8 million in profit. The trader previously opened a long position on Hyperliquid worth $290 million. Now, with the price rebound, they are up to $47.92 million in profit: they bought 120,000 ETH around $2,000 and are currently up $43.2 million; they also bought 700 BTC at $68,420 and are up $4.72 million. The trader still holds long positions of 80,000 ETH and 700 BTC.
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