BIT Affiliated Entity Raises ETH Long to 29.5K, Unrealized Loss ~$1.042M

On Aug 29, per Ai Yi's monitoring, the BIT-affiliated entity, which had previously profited $55.095M on ETH longs, opened an 8,000 ETH long via a new address (0x6c9...259a) during the early morning ETH dip, with an entry price of $2,440.49.

Its total ETH long position has now increased to 29,500 ETH, valued at approximately $72M, having turned from profit to an unrealized loss of roughly $1.042M. It currently holds the fifth-largest ETH position on Hyperliquid.

[TechFlow]