The largest long position holder on Hyperliquid has closed out its position of 40,000 ETH, netting a profit of $14.8 million.

CoinFeed reported on March 17th that, according to on-chain analyst Yu Jin, after ETH surged 8%, the "largest long position holder on Hyperliquid" closed out 40,000 ETH (worth $94.44 million) two hours ago, netting a profit of $14.8 million. He had previously opened long positions on Hyperliquid worth $290 million, and with the price rebound, he has now profited a staggering $47.92 million: 120,000 ETH long positions opened near $2,000, now profitable at $43.2 million; and 700 BTC long positions opened at $68,420, now profitable at $4.72 million. He currently holds long positions in 80,000 ETH and 700 BTC.