Bit Entity: First Profit Take on 120K ETH Long

Bit-linked addresses holding a 120,000 ETH long position executed their first partial exit in four months, with address 0x6c8…d84f6 selling 38,000 ETH to lock in $9.407 million.

Four remaining wallets still control 82,000 ETH longs entered near $2265, now showing over $20 million in unrealized gains while liquidation levels sit between $1059 and $1174.

ETH trades at $2516.19 inside its Bollinger band with upper resistance at $2633.48; the RSI at 95.85 signals overbought conditions while the MACD golden cross and price above both EMA50 at $2107.04 and EMA200 at $1943.18 keep the broader structure bullish, pointing to a probable retracement toward the 50-EMA support before any extension higher.