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 hot address monitoring, as BTC rebounded above $70,000, the "ETH Swing Master" address (0xa5b0) expanded its long position total unrealized gains 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 long holder of ETH on the Hyperliquid platform.

Additionally, it also holds BTC long positions 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 unlosed since February 15, continuously showing a bullish outlook.

The whale had previously established a nine-figure scale ETH long position at the end of last year and closed all positions in February of this year. Recently, it has re-established positions, continuing its trading style of high-selling and low-buying with hundred-million-dollar scale swing trading. It has received multiple fund transfers from Matrixport, suspected to be associated addresses.