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BIT-Linked Whale Accumulates 114,160 ETH, Building $248.6M Position Amid Market Decline

GateNews

2026-05-17 14:48:10

ETH0.26%

According to Lookonchain, a whale linked to BIT currently holds 114,160 ETH in long positions across four wallets, with a total value of approximately $248.65 million. Despite the market downturn, the whale continues to add to its position. The account is currently underwater by roughly $10.3 million, though it had previously realized $59 million in gains.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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