A major trader on Hyperliquid has closed significant long positions in Ethereum (ETH) and Bitcoin (BTC), totaling approximately $398 million. According to ChainCatcher, the trader achieved a cumulative profit of around $68.47 million. The positions were opened between February and March across four addresses, involving 120,000 ETH and 1,500 BTC. Following a substantial rebound in the crypto market, the trader began closing these positions in batches. The ETH positions were opened at prices ranging from $2,000 to $2,150 and closed near $2,390, while the BTC positions were opened at approximately $68,420 and closed near $74,700.