ChainCatcher report, according to TradingBeats monitoring, the largest long position address on the Ethereum chain has initiated profit-taking. This address is associated with BIT and reduced its position by 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, resulting in an unrealized profit of about $1.83 million. This address has repeatedly received fund transfers from Matrixport (now rebranded as BIT) and currently holds the largest long position in ETH on-chain. Two additional associated addresses have coordinated positions, with this address serving as the primary one.
ChainCatcher: Ethereum's Largest On-Chain Bull Cuts $34.15M Position, Remaining Holdings at $25.24M
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Summary
Ethereum’s largest on-chain bull, linked to BIT, reduced a $34.15M position through the sale of 14,000 ETH. Remaining holdings total $25.24M, with an average entry price of $2,340.86 and $1.83M in unrealized profit. The address, previously funded by Matrixport, remains the top on-chain ETH holder. Trading activity in this position shows clear on-chain signals, involving two linked addresses.
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