On March 17th, according to Coinbob's monitoring of popular addresses , the total unrealized profit of the long positions held by the "ETH Swing Master" address (0xa5b0) expanded to over $25 million as ETH rebounded above $2300. In the following four hours, the address closed its long positions of 40,000 ETH at an average price of approximately $2350, equivalent to about $94 million, realizing a profit of $14.5 million.
As of press time, its main positions are as follows:
15x ETH long position: The position size is about 30,000 ETH, equivalent to about $70.7 million, with an average price of $1,991 and a floating profit of $11 million (233%).
20x BTC long position: Position size is about 700 ETH, equivalent to about $50.8 million, average price is $68,420, unrealized profit is $5.04 million (190%).
This whale had previously established a long position in ETH worth over $100 million at the end of last year, which was then fully closed in February of this year. Recently, it has re-established a position, having received multiple transfers of funds from Matrixport, suggesting a possible connection to the address. It typically employs a trading style of buying low and selling high, and swing trading, with positions exceeding $100 million.
