Matrixport-affiliated whale re-accumulates near ETH $2300, increases position by about $12.06 million in the short term

BlockBeats News, March 17th, according to Hyperinsight monitoring, the Matrixport affiliated address "ETH Whale Master" (0xa5b0...) continued to add long positions in the price range of 2300 to 2302 US dollars after the ETH price fell to around 2300 US dollars, successively increasing its position by rolling over 6,000 ETH long contracts, worth approximately 12.06 million US dollars.

After this operation, the total value of its ETH long position rose to 82.95 million US dollars, and the average holding price increased from 1991 US dollars to 2043 US dollars. The current ETH price is 2304 US dollars, and the unrealized profit of this position is approximately 9.4 million US dollars, with a return rate of 169%. The liquidation price is set at 1138 US dollars.

This address has received funds from Matrixport several times and was previously the largest on-chain ETH long. There is another suspected affiliated address (0x6C8...) holding nearly a billion-dollar ETH long position. They often engage in high-volume trades with over a billion dollars, employing a trading style of buying high and selling low, and swing trading.