The largest long positions in BTC and ETH on-chain are nearing break-even, with a total holding of $183 million.

According to Mars Finance, on March 4th, official Hyperliquid data showed that BTC rebounded after hitting a low of $66,000 at 11 PM last night, currently trading at $68,640, representing a 3.9% increase. ETH saw a smaller increase during the same period. Furthermore, according to Hyperinsight monitoring, the largest long positions in both ETH and BTC on the platform belong to the "ETH Swing Master" address (0xa5b0), with a total holding of $183 million. Its BTC long positions amount to $44.7 million, which has now turned a profit; its ETH long positions amount to $139 million, requiring an ETH price increase of approximately 0.2% to break even, currently showing a floating loss of approximately $170,000. In addition, this address has received multiple transfers from Matrixport, and another suspected related address (0x6C8) holds approximately $99.5 million in ETH long positions, currently showing a floating loss of $1.1 million.