BIT-Linked Whale Locks In $9.9M Profit on Ethereum Long Position

A large Ethereum holder linked to the BIT exchange has taken profits on part of its long position, reaping $9.9 million in gains.

The whale closed 40,000 ETH from a previously accumulated 120,000 ETH position at an average price of $2,513, according to on-chain analyst ai_9684xtpa.

This move comes as Ethereum shows volatility, prompting other BIT-linked addresses to increase their exposure.

The remaining 80,000 ETH from the original position remains open, indicating a continued bullish outlook despite the partial exit.