BIT associated address 20 times leverage long ETH, position value exceeds 60 million USD

The cryptocurrency financial service institution BIT (formerly Matrixport) has increased its positions at addresses 0xbd1c…ff0e and 0x2371…0883 this morning, each buying 12,000 ETH, totaling 24,000 ETH, with average purchase prices of approximately $2,420 and $2,422 respectively.

The ETH long positions held by the two addresses are all using 20x full leverage, with a position value of approximately $60.29 million and a total floating profit of about $2.19 million. The current price of ETH is reported at approximately $2,512, an increase of about 3.8% compared to the average purchase price of the two addresses.