On-chain ETH Longs Fully Recovered after Largest Drawdown, Once Marking $12M Unrealized Gain

BlockBeats News, March 9th, according to Hyperinsight monitoring, ETH rose above $2000, the address known as the "ETH Whale Master" (0xa5b0) saw its long position return to an underwater position, with a floating profit of $700,000 (7%). It currently holds approximately 70,000 ETH, equivalent to about $144 million, with an average entry price of $1991, making it the largest ETH long position on the Hyperliquid platform.

Currently, this address is also the largest long position holder of both BTC and ETH on the Hyperliquid platform. Its 15x leveraged ETH long position was opened on February 9th and has not been closed since February 15th, indicating a continued bullish sentiment.

This whale had previously established an ETH long position worth over a billion dollars at the end of last year, which was completely closed in February this year. It has recently repositioned itself, continuing its trading style of high buy-low sell and swing trading with a billion-dollar trading volume. It has repeatedly received fund transfers from Matrixport, indicating a suspected associated address.