Unrealized loss drops from $88.5 million to $108,000, BIT-associated whale holds 120,000 ETH position valued at $271 million

Odaily Planet Daily News The BIT-associated whale previously faced an unrealized loss of approximately $88.5 million. With its 120,000 ETH still held and unsold, the price has returned to near the cost basis. As of press time, the whale's four addresses collectively hold approximately 120,000 ETH, with the position valued at around $271 million and an average entry price of $2,261.23. Following the ETH rebound, the position briefly broke even this morning. Due to a minor pullback, the total unrealized loss now stands at approximately $108,000. After completing position building, the entity has continued to hold and topped up margin, with the liquidation price lowered to around $1,195.95. Factoring in the approximately $4.9 million in funding fees paid since the position was opened, the whale has still not fully recovered its initial costs.