BIT-linked address sells 14,000 ETH, closes $34.15 million long

A BIT-linked address, identified as 0xa5...1d41, began taking profits and reduced its holdings by 14,000 ETH five minutes ago, closing a long position worth about $34.15 million. The address retains about $25.24 million in positions, with an average long entry price of $2,340.86 and approximately $1.83 million in unrealized profit. It has repeatedly received fund transfers from Matrixport, now renamed BIT, and is currently the largest on-chain ETH long position. Two related addresses are also building positions, with 0xa5...1d41 serving as the primary address.

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