[Ethereum's Largest On-Chain Long Position Begins Profit-Taking, Closing Approximately $34.15 Million in Long Positions] BlockBeats News, August 24: According to TradingBeats monitoring, the largest on-chain Ethereum long position holder has started profit-taking. The address, associated with BIT, reduced its holdings by 14,000 ETH five minutes ago, equivalent to approximately $34.15 million. The remaining position size is approximately $25.24 million, with an average entry price of $2,340.86 per ETH, and the remaining position has an unrealized profit of approximately $1.83 million. Address: 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41. This address has previously received multiple fund transfers from Matrixport (now renamed BIT) and is currently the largest on-chain ETH long position holder. Additionally, two related addresses have collaborated in building positions, with this address serving as the primary address.