Bit-linked Entity Increases ETH Long Position to 29,500 Tokens Amid Market Downturn

According to monitoring by Ai 姨, a Bit-linked entity that previously realized a profit of $55.09 million on ETH long positions has opened a new position of 8,000 ETH at an average price of $2,440.49. This brings their total holdings to 29,500 ETH, valued at approximately $72 million. The position is currently the fifth-largest on Hyperliquid and has shifted from profit to an unrealized loss of about $1.04 million.