BIT-linked addresses close $419M in BTC, ETH longs, lock in $55.1M profit

Eleven addresses linked to crypto options trading platform BIT, formerly Matrixport, closed a combined $419 million in BTC and ETH long positions, realizing $55.095 million in profit, according to on-chain analyst ai_9684xtpa. Only one long position remains, with address 0xf78 holding 1,602.11 ETH worth $3.97 million and showing $707,000 in unrealized profit.