BIT-linked wallets have closed most of their leveraged long exposure in Bitcoin and Ether, according to on-chain analyst Ai Yi. Monitoring data cited by Odaily shows that 11 addresses associated with BIT gradually exited BTC and ETH long positions worth about $419 million in total. The realized profit from those trades reached roughly $55.095 million.
Only one address, 0xf78, still holds an open position. The wallet is reported to be long 1,602.11 ETH, with the position valued at about $3.97 million. The unrealized profit on that remaining ETH long stands at around $707,000.
The update focuses on position changes and profit figures observed on-chain. No additional details about the timing of each closure or the trading venue were disclosed in the source report.
BIT-linked addresses have gradually closed BTC and ETH long positions worth about $419 million, locking in roughly $55.095 million in profit, according to monitoring by on-chain analyst Ai Yi cited by Odaily.
The report said 11 addresses associated with BIT have already exited those positions. Only one wallet, 0xf78, remains open, still holding a long position of 1,602.11 ETH.
That remaining ETH position is valued at about $3.97 million and is showing an unrealized profit of roughly $707,000.
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