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With unrealized losses exceeding $69 million, a suspected BIT-linked whale holding a 120,000 ETH long position has paid $1.86 million in funding fees.
Svmuu reported that, according to Onchain Lens monitoring, as ETH trades below $1,700, an address suspected to be associated with BIT holds a 15x to 20x long position of 120,000 ETH, currently showing an unrealized loss of over $69 million and having paid $1.86 million in funding fees.
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