An entity linked to Bit, which previously profited $55.095 million, has opened a $49.98 million long position in ETH, becoming the seventh-largest ETH position on Hyperliquid

According to Odaily, on-chain analyst Ai Yi monitored that an entity associated with Bit opened a long position of 20,000 ETH with $26.88 million in margin. This entity previously earned $55.095 million in profits from long positions and has now accumulated $49.98 million in long ETH positions across three new addresses, with an average entry price of $2,485. Combined, it has become the seventh-largest ETH position on Hyperliquid. The relevant addresses are associated with the Bit-linked entity (0xa9de...e049, 0x0c5d...6b3, 0xd9e7...4Ff).