BIT-linked addresses open $60.29M 20x long on ETH
- —Two BIT-linked addresses bought 12,000 ETH each, 24,000 ETH total
- —Average entry prices were about $2,420 and $2,422 per ETH
- —The 20x cross-margin position is valued at roughly $60.29 million
- —Unrealized profit stands at about $2.19 million with ETH near $2,512
Why it matters: A large leveraged long from a Matrixport-linked entity signals institutional conviction on ETH, but 20x leverage raises the risk of cascading liquidations.
Source: ChainCatcher 链捕手