On-chain ETH largest long positions' unrealized gains expanded to 7 million dollars, with total open interest reaching 194 million dollars

MarsBitNews · 2026-03-12T11:45:49+00:00

According to Mars Finance, as of March 12, the ETH Wave Master address holds 70,000 ETH and $49.3 million of BTC long positions, with unrealized profits reaching $7 million, making it the largest bull on the Hyperliquid platform with a continued bullish outlook. The address has recently re-established positions, employing a high-sell-low-buy strategy.

MarsBitNews

2026-03-12 11:45:49

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Mars Finance News, March 12 — According to Coinbob’s popular address monitoring, as BTC rebounds above $70,000, the “ETH Swing Master” address (0xa5b0) has increased its total unrealized profit on long positions to $7 million. It currently holds about 70,000 ETH, worth approximately $144 million, with an average entry price of $1,991, making it the largest ETH long position on the Hyperliquid platform.

Additionally, it holds a $49.3 million BTC long position with an average entry price of $68,420. This address is now the largest long position holder for both BTC and ETH on Hyperliquid. Its ETH long position was opened on February 9 and has not been closed since February 15, maintaining a bullish outlook.

This whale previously established ETH long positions worth over $100 million at the end of last year and fully closed them in February this year. Recently, it has reopened positions, continuing its trading style of high-volume buy low, sell high, and swing trading. It has also received multiple transfers from Matrixport, suspected to be related addresses.

ETH4.17%

BTC3.03%

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