On-chain ETH Longs Liquidate $2 Million Profits, Previous Entry Price at $2287 U.S. dollars

BlockBeats News, April 28th, according to Hyperinsight monitoring, on-chain data shows that the largest ETH long position "BIT Whale" has once again gone underwater, with a current unrealized loss of about $110,000 (-5%). The address holds a 20x leveraged ETH long position with a size of 20,000 ETH, worth approximately $45.6 million, entered at an average price of $2,287.

The position was opened on April 20th, and at one point during the period, the unrealized profit reached as high as $2 million. However, as the market retraced, the entire unrealized profit has been given back. It is reported that this address belongs to the digital financial service group BIT and has repeatedly received fund transfers from entities under its name, having previously gone long on ETH on a multi-billion-dollar scale.

Address: 0x6c8512516ce5669d35113a11ca8b8de322fd84f6