"ETH Swing Master" floating profit expands to $12 million, positions remain open; recently bought the BTC dip at an average price of $68,000

BlockBeats News, March 5, according to Coinbob Hot Address Monitor, the "ETH Swing Master" address (0xa5b0) currently holds a 15x leveraged ETH long position, with unrealized profits expanding to $9.2 million (93%). The current position size is about 70,000 ETH, equivalent to approximately $144 million, with an average entry price of $1,991.

Unlike the previous "sell high, buy low" trading style, this time the address chose to hold the position when ETH fell below the average price, instead opening a second front. On March 3, when both BTC and ETH were near their short-term bottoms, the address bought BTC at an average price of $68,170, with a position size of $47.1 million. As of now, the unrealized profit on this BTC long position has reached $2.8 million (118%), with a return rate surpassing that of the main ETH position.

This address is currently the largest long position holder for both BTC and ETH on the Hyperliquid platform, with total unrealized profits expanding to over $11 million. So far, there has been no large-scale selling or closing of positions, suggesting continued bullish sentiment.

This whale previously established an ETH long position worth over $100 million at the end of last year and fully closed the position in February this year. Recently, the address has reopened positions, continuing the trading style of selling high and buying low with over $100 million in volume, and swing trading. The address has received multiple fund transfers from Matrixport, indicating a possible association.