BIT-Associated Whale's 120,000 ETH Long Position Posts $84M Unrealized Loss as ETH Falls Below $1,600 on June 6

ETH-5.49%
According to HyperInsight, on June 6, as Ethereum fell below $1,600, a whale associated with BIT (formerly Matrixport) holding 120,000 ETH in a 15-20x leveraged long position has unrealized losses exceeding $84 million and has paid $1.85 million in funding fees.
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