BIT-linked whale takes profit on 40,000 ETH, locking in $9.9M gain

A BIT-linked address closed 40,000 ETH from a previously built 120,000 ETH long position at $2,513, realizing $9.897 million in profit, according to on-chain analyst ai_9684xtpa. As ETH later fell, another BIT-linked address added a 9,021 ETH long position and also placed an additional buy order for 10,000 ETH. Combined, three BIT-linked addresses now hold 59,000 ETH in long positions, with unrealized profit of about $8.73 million.