The largest long position on-chain ETH has realized a profit of 2 million, with an average entry price of 2,287 USD

According to monitoring by Hyperinsight, the largest on-chain ETH bull "BIT associated giant whale" has once again fallen back underwater, currently facing an unrealized loss of about $110,000 (-5%). This address holds a 20x leveraged ETH long position of 20,000 coins, valued at approximately $45.6 million, with an entry average price of $2,287. This position was opened on April 20, and during this period, the unrealized profit peaked at $2 million, but as the market declined, all profits have been given back.

It is reported that this address belongs to the digital financial services group BIT, which has repeatedly received fund transfers from its accounts and previously made large-scale long positions on ETH worth hundreds of millions. Address: 0x6c8512516ce5669d35113a11ca8b8de322fd84f6.