"BIT-linked whale" coordinates three addresses to add 25,000 ETH long positions, with total positions exceeding 204 million U.S. dollars
BlockBeats News, on April 30, according to Hyperinsight monitoring, the largest on-chain ETH bull “BIT-affiliated whale” dispersed funds and coordinated leveraged long positions through three addresses early this morning. As of press time, the addresses have accumulated an additional approximately 25,000 ETH, worth about $56 million, with an average entry price of around $2,240. After this round of position increases, the combined long position across the three addresses has exceeded $204 million, with an unrealized loss of about $2.02 million at present.
It is reported that these addresses belong to the digital financial services group BIT, which has repeatedly received internal fund transfers. Previously, they opened long positions on ETH with hundreds of millions of dollars and made over $50 million in profits.
Address: 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41
Address: 0x6c8512516ce5669d35113a11ca8b8de322fd84f6
Address: 0xA875890465dA20062bCF3b024Bf7d54E69C725a8
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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