Whale linked to BIT takes profit on BTC, ETH long positions

A whale associated with crypto financial services firm BIT (formerly Matrixport) has taken a $5.8 million profit by partially closing long positions in 700 BTC ($52 million) and 6,000 ETH ($14.34 million), according to Lookonchain. The whale still holds a long position of 114,000 ETH, with an unrealized profit of $34.4 million.