According to Mars Finance, on May 18th, Lookonchain monitoring revealed that a BIT-related address continued to increase its long ETH positions during the market downturn. This whale, with four addresses, currently holds 120,000 ETH (worth $254 million), with a paper loss exceeding $17.5 million. This whale had previously significantly increased its ETH long positions on May 16th.
The BIT-linked address added to its ETH long position by buy the dips, bringing the total long position size to 120,000 ETH.
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