Bit Entity: Opens $50M ETH Long on Hyperliquid

Bit-linked entity added a fresh $49.98 million long of 20,000 ETH at roughly $2485 average entry on Hyperliquid, posting $26.88 million margin and landing as the platform’s seventh-largest position.

The move follows an earlier 120,000 ETH long that booked $55.095 million in realized gains, with the new addresses leaving room for staged additions rather than one-shot sizing.

Price sits at $2483.72 inside the Bollinger band, pressing toward upper resistance at $2524.88 while the 50-EMA at $2395.07 and 200-EMA at $2112.63 continue to anchor the bullish structure; neutral RSI at 54.23 paired with the MACD death cross at 22.24 points to a probable retracement toward the 50-EMA before any extension higher, shaping near-term ETH price prediction and crypto market crash hedging flows.