Whale linked to BIT sees $36M in unrealized profit from BTC, ETH longs

A whale address beginning with 0xa5B, associated with crypto financial services firm BIT (formerly Matrixport), is currently holding over $36 million in unrealized profit from its long positions on 120,000 ETH ($283.5 million) and 700 BTC ($52 million), Lookonchain reported. The address's holdings include a 15x leveraged ETH long position worth $165 million with an average entry price of $2,148.7, and a 20x leveraged BTC long position worth $51.97 million with an average entry price of $68,420.2.