The "ETH Swing Master" has seen his unrealized profits expand to $12 million and has not yet closed his positions. He recently successfully buy the dips BTC at an average price of $68,000.

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According to Mars Finance, on March 5th, Coinbob's hot address monitoring showed that the address "ETH Swing Master" (0xa5b0) currently holds a 15x leveraged long position in ETH, with its unrealized profit expanding to $9.2 million (93%). Its current holdings are approximately 70,000 ETH, equivalent to about $144 million, with an average entry price of $1991. Unlike its previous "buy low, sell high" trading style, this time it chose to hold its position when ETH fell below its average price, instead opening a second front. On March 3rd, when both BTC and ETH were near short-term bottoms, it buy the dips BTC at an average price of $68,170, establishing a position of $47.1 million. As of now, this BTC long position has unrealized a profit of $2.8 million (118%), exceeding the return of its main ETH position. This address is currently the largest long position holder for both BTC and ETH on the Hyperliquid platform, with total unrealized profits exceeding $11 million. It has not yet closed its positions and may continue to be bullish. This whale previously established a long position in ETH worth over $100 million at the end of last year, which was fully closed in February of this year. Recently, it has re-established positions, continuing its trading style of buying low and selling high with large sums exceeding $100 million, engaging in swing trading. It has received multiple transfers of funds from Matrixport, suggesting a possible connection.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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