Bit-linked entity added 8,000 ETH long position in early morning, currently floating loss of $1.042 million

PANews reported on August 29, according to monitoring by Ai Yi, "the bit-affiliated entity that previously made a profit of $55.095 million on long positions" opened a long position of 8,000 ETH via another new address 0x6c9...259a4 during the early morning ETH decline, at an entry price of $2,440.49. The long position has now been increased to 29,500 ETH and has turned from profit to loss, with an unrealized loss of $1.042 million. Its cumulative long position is worth $72 million, making it the fifth-largest position on Hyperliquid ETH.