Eleven addresses linked to crypto options platform BIT, formerly Matrixport, have closed a combined $419 million in BTC and ETH long positions and realized $55.095 million in profit, according to on-chain analyst ai_9684xtpa. The closures mark a major unwind from earlier holdings in which ten BIT-linked addresses had carried more than $323 million in longs with about $41.95 million in unrealized profit, including 65,977.9684 ETH and 2,000 BTC. Only one long remains open: address 0xf78 holds 1,602.11 ETH worth $3.97 million with roughly $707,000 in unrealized profit. The unwind follows an Aug. 24 partial take-profit in which the largest affiliated Ethereum-long wallet sold 14,000 ETH for about $34.15 million while retaining a smaller stake.