BIT-linked addresses buy 24,000 ETH, accumulate $60M long position

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$2,526.42-1.78%
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BIT-linked addresses executed a large position trade, purchasing 24,000 ETH across two wallets, each holding 12,000 ETH. The long positions averaged $2,420 and $2,422, with 20x leverage and a total value of $60.29 million. With ETH rising to $2,512—a 3.8% increase from entry—the position has generated floating profits of $2.19 million.
ME AI message, according to TradingBeats monitoring, this morning the addresses 0xbd1c…ff0e and 0x2371…0883 under BIT (formerly Matrixport) each added to their positions, buying 12,000 ETH respectively, for a total of 24,000 ETH. The average entry prices for the two addresses are approximately $2,420 and $2,422, respectively. Currently, both addresses hold long positions in ETH with 20x full-collateral leverage, with a total position value of approximately $60.29 million and a combined unrealized profit of about $2.19 million. ETH’s current price is approximately $2,512, up about 3.8% from the average entry prices of the two addresses. (Source: BlockBeats)
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