BIT-related whale sells 20,000 ETH, making a profit of $1.04 million

According to Hyperinsight monitoring, the largest on-chain ETH bull known as "BIT-associated whale" cumulatively sold 20,000 ETH last night and this morning, equivalent to approximately $46.3 million. The closing price was around $23.1 million, with a profit of about $1.04 million. Currently, this address still holds a long position of 20,000 ETH, valued at about $46.1 million, with an average price of $2,287, and the unrealized profit has shrunk to $400,000 (17%). This address has repeatedly received fund transfers from the digital financial services group BIT, with the address being 0x6c85…fd84f6.