Chain-Based Ethereum's Largest Bull Begins Profit-Taking, Closes $34.15M Long Position

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On-chain trading signals indicate that Ethereum’s largest long position, linked to BIT, sold 14,000 ETH, worth $34.15 million, on August 24. The remaining position is valued at $25.24 million, with an average entry price of $2,340.86 and $1.83 million in unrealized profit. The address 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41 has received funds from Matrixport and holds the largest on-chain ETH long position. Trading activity from three associated addresses is now being monitored.

Huo Xing Finance reports that on August 24, according to TradingBeats monitoring, the largest long position address on the Ethereum chain has initiated profit-taking. This address, associated with BIT, sold 14,000 ETH (approximately $34.15 million) five minutes ago. The remaining position is valued at approximately $25.24 million, with an average entry price of $2,340.86 per ETH, yielding an unrealized profit of about $1.83 million. Address: 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41. This address has repeatedly received fund transfers from Matrixport (now rebranded as BIT) and is currently the largest long position on the Ethereum chain. Two related addresses are coordinating positions alongside it, with this address serving as the primary one.

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