On March 13, according to Hyperinsight monitoring, as ETH rebounded above $2,100, the "ETH Swing Master" address (0xa5b0) expanded its long position total unrealized gains to $11.5 million, with total position size reaching $199 million.

This address is currently the largest long position holder for both BTC and ETH on the Hyperliquid platform. Its ETH long position was opened on February 9 and has remained unlosed since February 15, continuously bullish. Its main positions are as follows:

15x ETH long position: Position size approximately 70,000 ETH, equivalent to approximately $148 million, average price $1,991, unrealized gains $9.27 million (93%);

20x BTC long position: Position size approximately 700 BTC, equivalent to approximately $50.1 million, average price $68,420, unrealized gains $2.23 million (89%);

This whale previously established ETH long positions worth over $100 million at the end of last year and closed them entirely in February of this year. It has recently reopened positions and has received multiple fund transfers from Matrixport, suspected to be an associated address.