On-chain ETH's largest long position floating profit expands to $16 million, with current position size reaching $203 million.

BlockBeats News, March 16, according to Coinbob Hot Address Monitoring, the "ETH Swing Master" address (0xa5b0) has expanded its total floating profit on long positions to $1.6 million, with a total position size reaching $203 millions.

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 not been closed since February 15, maintaining a bullish outlook. The main positions are as follows:

15x ETH long: position size is about 70,000 ETH, approximately $152 millions, average price $1,991, floating profit $13 million (128%);

20x BTC long: position size is about 700 ETH, approximately $50.8 millions, average price $68,420, floating profit $2.93 million (114%);

This whale previously established ETH long positions worth over $100 millions at the end of last year, and closed all positions in February this year. Recently, it has rebuilt positions and has received multiple fund transfers from Matrixport, suspected to be a related address.