Bit Entity: Closes $419M ETH BTC Longs for $55M Profit

Bit-linked entities closed 11 addresses holding $419 million in ETH and BTC long positions, locking in $55.095 million in realized profits.

One address at 0xf78…6c581 retains 1,602.11 ETH longs valued at $3.97 million with $707,000 in floating gains.

ETH trades at $2489.18 inside its Bollinger Band with upper resistance at $2513.42 and lower support at $2387.28; the EMA50 at $2299.34 acts as concrete long-term support while the MACD death cross at 57.52 warns of momentum loss even as RSI at 65.71 stays neutral, suggesting a healthy retracement toward the 50-EMA before any continuation higher.