Closed approximately $34.15 million in long positions; BIT-associated address reduces holdings by 14,000 ETH

Odaily News: The BIT-associated address (0xa5...1d41) has begun taking profits, reducing its position by 14,000 ETH five minutes ago, closing approximately $34.15 million in long positions. The address's remaining position size is approximately $25.24 million, with an average long entry price of $2,340.86 and an unrealized profit of around $1.83 million on the remaining position. This address has previously received multiple fund transfers from Matrixport (now rebranded as BIT) and is currently the largest ETH long position on-chain. Two other associated addresses are building positions in coordination, with this address serving as the primary one.