A BIT-linked address identified as the largest on-chain Ethereum long position began taking profit on Aug. 24, selling 14,000 ETH worth about $34.15 million, according to TradingBeats monitoring cited by BlockBeats. The address retains a position worth about $25.24 million, opened at an average price of $2,340.86, with an unrealized profit of roughly $1.83 million. The address has repeatedly received funds from Matrixport, now renamed BIT, and is the main address among three affiliated addresses that built the position together.