According to Ai Yi monitoring, 11 addresses associated with Bit have closed out ETH and BTC long positions totaling $419 million, realizing a profit of $55.095 million. Currently, only the address 0xf78…6c581 retains a long position of 1,602.11 ETH, valued at approximately $3.97 million, with an unrealized profit of $707,000.
BIT-linked entity closes $419M long positions in ETH and BTC, realizing a $55.1M profit
TechFlowShare
Summary
A BIT-linked entity executed a take-profit strategy, closing $419M in ETH and BTC long positions for a $55.095M profit. The trades involved 11 addresses, with only 0xf78…6c581 still holding 1,602.11 ETH longs valued at $3.97M. This position carries a floating profit of $707K, likely near key support and resistance levels.
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