BIT-linked addresses hold nearly 30,000 ETH long on Hyperliquid

Addresses linked to crypto options trading platform BIT, formerly Matrixport, added an 8,000 ETH long position on Hyperliquid during an early-morning decline today at an average entry price of $2,440.49, according to ai_9684xtpa. The cumulative position has reached 29,500 ETH and is currently showing about $1 million in unrealized losses. The address cluster holds long positions worth a total of $72 million, ranking fifth on Hyperliquid by overall position size.