On-Chain ETH Largest Long Position Unrealized Gains Expand to $7 Million, Total Position Size Reaches $194 Million

On March 12, according to Coinbob's popular address monitoring, as BTC rebounds above $70,000, the "ETH Wave Master" address (0xa5b0) long position total unrealized gains expanded to $7 million. Its current position size is approximately 70,000 ETH, equivalent to $144 million, with an average entry price of $1,991, making it the largest ETH long position on the Hyperliquid platform.

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

This whale previously established a hundred-million-dollar scale ETH long position at the end of last year and closed it entirely in February this year. Recently, it has reopened positions, continuing its trading style of high-sell low-buy and wave-swing trading with hundred-million-dollar scale positions. It has received multiple fund transfers from Matrixport, suspected to be associated addresses.