On-chain address 0xa5b0's ETH long position breaks even, with a floating profit of $700,000

On March 9 (UTC+8), according to Hyperinsight monitoring, the price of ETH rebounded above $2,000, bringing the ETH long position of address 0xa5b0 back into profit, with an unrealized gain of $700,000 (7%). This address currently holds approximately 70,000 ETH, worth about $144 million, with an average entry price of $1,991, making it the largest ETH long position on the Hyperliquid platform. This address is also the largest long position holder for both BTC and ETH on the Hyperliquid platform. The 15x leveraged ETH long position was opened on February 9 and has not been closed since February 15. At the end of last year, this address had previously established an ETH long position worth over $100 million, which was fully closed in February this year. Recently, the address has reopened its position, which is suspected to be related to fund transfers from Matrixport.