「ETH Whalesong Master」's unrealized gains have expanded to $12 million without closing position, recently successfully bought the dip on BTC at an average price of $68,000

BlockBeats News, March 5th, according to Coinbob's Popular Address Monitor data, the "ETH Whale Master" address (0xa5b0) currently holds a 15x leveraged ETH long position, with unrealized gains expanded to $9.2 million (93%). It currently holds approximately 70,000 ETH, equivalent to around $144 million, with an average entry price of $1991.

Unlike the past "buy high, sell low" style, in this round, when ETH fell below the average price, it chose to hold its position instead of selling, opting to open a second front. On March 3rd, when both BTC and ETH were near short-term bottoms, it bought the dip in BTC at an average price of $68,170, with a position size of $47.1 million. As of now, the profit from this BTC long position has reached $2.8 million (118%), with the ROI surpassing the ETH main position.

This address is currently the largest long position holder for both BTC and ETH on the Hyperliquid platform. Its total unrealized gains have expanded to over $11 million. Currently, it has not taken profits from selling high and is still holding a bullish view.

This whale previously established a billion-dollar ETH long position at the end of last year, which was completely closed in February of this year. It has recently re-entered the market, continuing its trading style of buying low with a billion-dollar position and engaging in swing trades. It has repeatedly received fund transfers from Matrixport, indicating a potential association.