Home
News
Details

BIT-linked address adds 120,000 ETH long position amid market downturn

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
ETH
$1,556.10-2.55%
AI summary iconSummary

expand icon
ETH market update on May 18, 2026 — A BIT-linked address added 120,000 ETH to its long position during the ETH price decline. The four addresses now hold $254 million in ETH, with a floating loss of $17.5 million. The whale previously increased its position on May 16.

BlockBeats news, on May 18, according to Lookonchain monitoring, BIT-associated addresses continued to increase their ETH long positions during the market downturn. This whale currently holds 120,000 ETH (valued at $254 million) across four addresses, with an unrealized loss exceeding $17.5 million.


This whale significantly established long positions in ETH on the 16th.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.