The on-chain ETH maximum long previously bought high and sold low, lowering the average price by nearly $90. Currently, the open position's unrealized profit has increased to $5.26 million.

BlockBeats News, February 26 — According to Coinbob’s popular address monitoring, the on-chain ETH largest long whale (0xa5b…) currently holds a 15x leveraged ETH long position, with unrealized gains expanding to $5.26 million (53%). Its current holdings are approximately 70,000 ETH, worth about $144 million, with an average entry price of $1,991, making it the largest long position address on Hyperliquid platform.

According to previous trading records, on February 9, this address built a long position of about 60,000 ETH at an average price of $2,086, which was briefly trapped after entry. On February 14, ETH surged to around $2,100, and it decisively reduced nearly half of its position (about 29,000 ETH), locking in a profit of $1.31 million.

Subsequently, the price retreated, and this address did not close the position to cut losses. Over the past 10 days, it gradually replenished nearly half of its previous profit-taking position within the $1,868 to $1,990 range, completing a “buy low, sell high” T+0 trading cycle. After this rebalancing, its average position price dropped from $2,086 to $1,991, lowering the cost basis by nearly $90.

As ETH continued to strengthen today, this address’s position turned profitable again, with profits reaching $6.6 million in the past week.

This whale previously established a multi-hundred-million-dollar ETH long position at the end of last year and fully closed it in February this year, holding about 60,000 ETH. Since then, it has re-entered the market, continuing its style of high-volume buy low, sell high, and swing trading.