On-chain ETH Longs Maximum Unrealized Profit Expands to $7M, Total Position Size Reaches $194M

BlockBeats News, March 12th, according to Coinbob Popular Address Monitoring, driven by BTC's rise above $70,000, the "ETH Whale" address (0xa5b0) saw its total long position floating profit expand to $7 million. 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 on the Hyperliquid platform.

In addition, it holds a $49.3 million BTC long position, with an average price of $68,420. The address is currently the largest long position holder for both BTC and ETH on the Hyperliquid platform. The ETH long position was opened on February 9th and has not been closed since February 15th, maintaining a bullish outlook.

This whale had previously established an ETH long position worth billions of dollars at the end of last year, which was fully closed in February this year. It has recently re-entered the market, continuing its trading style of high selling and low buying with a billion-dollar trading volume, engaging in swing trading. It has repeatedly received fund transfers from Matrixport, indicating a possible associated address.