BIT has accumulated long positions in 155 million USD worth of BTC and ETH, with current unrealized losses of 44.06 million USD

BlockBeats news, November 14: According to Ai Aunt's monitoring, the 'Iron Head Bull' (a BIT-linked entity) that previously went long on 120,000 ETH in large scale has recently activated a batch of new addresses to rebuild its long positions. Currently, nine addresses collectively hold long positions worth approximately $155 million, including 60,841.22 ETH and 600 BTC. The current unrealized loss is about $44.06 million, not yet accounting for substantial funding fees paid. It is reported that all previous operational addresses used by this entity have been completely deactivated. From April to August this year, it accumulated profits exceeding $67.05 million through long positions on ETH. The recent reactivation of new addresses to establish a large-scale long position suggests that some of the previously accumulated profits may now be under pressure to be reversed.