With a floating loss exceeding 69 million dollars, a suspected BIT-related whale has paid 1.86 million dollars in funding fees for 120,000 ETH long positions.
According to Odaily, Onchain Lens monitoring shows that as the ETH trading price fell below $1,700, an address suspected to be related to BIT is holding 120,000 ETH with long positions of 15 to 20 times leverage. Currently, this address has an unrealized loss of over $69 million and has already paid $1.86 million in funding fees.
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