Whale suspected to be associated with BIT increases long position in ETH, with position worth $248.65 million and an unrealized loss of $10.3 million

According to Lookonchain monitoring, a whale suspected to be associated with BIT increased its long position in ETH during the market downturn. The whale has previously realized a profit of $59 million and currently holds 114,160 ETH in long positions across 4 wallets, with a position value of $248.65 million and an unrealized loss of $10.3 million.