On-chain Ethereum's largest long opened a take-profit order, liquidating approximately $34.15 million long position

BlockBeats News, August 24th, according to TradingBeats monitoring, the on-chain Ethereum's largest long position address has initiated profit-taking. This address is a BIT-related address, which sold 14,000 ETH 5 minutes ago, equivalent to $34.15 million.

The remaining position is worth about $25.24 million, with a long position opening price of $2,340.86. The remaining position has an unrealized profit of about $1.83 million.

Address: 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41. This address has received funds from Matrixport (now renamed BIT) multiple times and is now the largest on-chain ETH long position, with two other related addresses collaborating in establishing the position, where this address is the primary one.