BIT-Linked Entity Opens $50 Million Long Position in ETH on Hyperliquid

A BIT-linked entity, previously known for a $55.09 million profit from long positions, has opened a new long position for 20,000 ETH on Hyperliquid. The position, executed through three new addresses, is worth approximately $49.98 million with an average entry price of $2,485. This move makes it the seventh-largest ETH position on the platform.