BIT-related whales have bucked the trend by increasing their long positions in ETH, with current holdings nearing $249 million.

CoinFeed reported on May 16th that, according to Lookonchain monitoring, despite the market downturn, a BIT-linked whale that previously profited approximately $59 million is continuing to increase its long positions in ETH. Currently, this whale holds a total of 114,160 ETH long positions through four wallets, with a holding value of approximately $248.65 million, and a current unrealized loss of approximately $10.3 million.