On-chain ETH largest long position unrealized gains expanded to $7 million, with total position size reaching $194 million

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

Additionally, it also 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, the two major cryptocurrencies on the Hyperliquid platform. Its ETH long position was opened on February 9 and has remained unlosed since February 15, showing continued bullish sentiment.

This whale previously established a hundred-million-dollar-scale ETH long position at the end of last year, which was completely closed in February of this year. It recently reopened positions, continuing its trading style of high selling and low buying and swing trading with over hundred-million-dollar volumes. It has received multiple fund transfers from Matrixport, suspected to be associated addresses.