BIT-linked whale unloads 20,000 ETH, booking about $1.04M in profit

Hyperinsight data shows a BIT-linked whale address trimmed its on-chain ETH max long position overnight and into early morning, selling 20,000 ETH worth about $46.3 million. The position was closed at roughly $2,310 per ETH, generating an estimated profit of $1.04 million. The address still holds a 20,000 ETH long position valued at around $46.1 million, with an average entry price of $2,287. Unrealized gains have narrowed to about $400,000, or roughly 17%. The wallet has repeatedly received transfers from digital financial services group BIT. Address: 0x6c85…fd84f6.