BIT associated with Whale, with a floating loss of 193 million USD on its $252 million ETH position

According to Hyperinsight monitoring, the $252 million position of the largest on chain ETH long "BIT Linked Whale" is still in a loss making state. The ETH price retreated to around $2000 over the weekend, and the floating loss expanded to $272 million at one point. As of press time, due to a slight rebound in the market, the floating loss has narrowed to $193 million. The giant whale has dispersed its layout on Hyperliquid through four addresses, with a total long position of 120000 ETH, an overall weighted leverage of about 18 times, and a comprehensive average entry price of about $2270. This address belongs to the digital financial services group BIT, which has previously long ETH on a scale of hundreds of millions and made profits exceeding $50 million.