On-chain ETH largest long position unrealized gains expand to 7 million dollars, total position size reaches 194 million dollars

On March 12, according to Coinbob's popular address monitoring, affected by BTC rebounding above 70,000 dollars, the "ETH Wave Master" address (0xa5b0) long position total unrealized gains expanded to 7 million dollars. Its current position size is approximately 70,000 ETH, equivalent to approximately 144 million dollars, with an average entry price of 1991 dollars, making it the largest long position holder for ETH on the Hyperliquid platform.

Additionally, it also holds a BTC long position worth 49.3 million dollars, with an average entry price of 68,420 dollars. This address is currently the largest long position holder for both BTC and ETH, the two major cryptocurrencies on the Hyperliquid platform. Its ETH long position was opened on February 9, and has remained unlosed since February 15 until now, continuously showing a bullish outlook.

The cryptocurrency whale previously established an ETH long position worth over 100 million dollars at the end of last year and closed it entirely in February of this year. Recently, it has re-established positions, continuing its trading style of high-selling and low-buying with position sizes over 100 million dollars, trading waves. It has received multiple fund transfers from Matrixport, suspected to be associated addresses.