Data: The largest on-chain ETH long position of $252 million remains under pressure, with a floating loss of $19.3 million.

According to Mars Finance, Hyperinsight monitoring shows that the largest long position in on-chain ETH held by the "BIT-affiliated whale," with a position valued at $252 million, remains in a state of significant loss. Over the weekend, the price of ETH retreated to around $2,000, causing the whale unrealized loss to widen to a high of $27.2 million. As of press time, due to a slight market rebound, the unrealized loss has narrowed to $19.3 million. Currently, this whale has diversified its positions on Hyperliquid through four addresses, holding a long of 120,000 ETH long positions, with an overall weighted leverage of approximately 18 times. Based on the weighted average of the funds in each address, the average entry price is approximately $2,270. It is understood that this address belongs to the digital financial services group BIT (formerly Matrixport), and has received multiple transfers of funds from its name. Previously, it long ETH positions, profiting over $50 million.