A major Ethereum holder, linked to the entity "BIT," has sold 20,000 ETH, generating approximately $46.3 million in revenue and realizing a profit of $1.04 million. This transaction was monitored by Hyperinsight and reported by HuoXing Finance. Despite the sale, the address still maintains a long position of 20,000 ETH, valued at around $46.1 million, with an average acquisition cost of $2,287 per ETH. The unrealized profit for this position has now decreased to $400,000, representing a 17% gain. The address in question has been associated with Matrixport, a digital financial services group that rebranded to BIT on March 20. This whale address has frequently received fund transfers from Matrixport, indicating a close financial relationship. The address involved in these transactions is 0x6c8512516ce5669d35113a11ca8b8de322fd84f6.