Bit-Linked Entity Adds 8,000 ETH Longs Overnight, Now Down $1.042M

On August 29, per Ai Yi's monitoring, a bit-linked entity, which previously profited $55.095M from long positions, opened 8,000 ETH longs at a new address 0x6c9…259a4 during the overnight ETH decline, with an entry price of $2,440.49. The position has since been increased to 29,500 ETH, turning from profit to a floating loss of $1.042M. Its cumulative long position is valued at $72M, ranking as the fifth-largest ETH position on Hyperliquid.