On-chain data shows that the BIT-associated address 0xa5b0…1d41 sold 14,000 ETH 15 minutes ago, worth approximately $34.15 million, beginning to take profits. The address still holds a long position of about $25.24 million in ETH, with an average entry price of $2,340.86, resulting in an unrealized profit of approximately $1.83 million on the remaining position.
BIT-linked address sells 14,000 ETH worth $34.15M, still holds $25.24M long position
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Summary
A BIT-linked address (0xa5b0…1d41) recently executed a position sizing move by selling 14,000 ETH, valued at $34.15 million. The sale represents profit-taking, while the address still holds a $25.24 million ETH trading position. The average entry price is $2,340.86, with an unrealized profit of $1.83 million remaining.
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