Gate News reports that on March 13, on-chain monitoring showed that due to ETH rebounding above $2,100, the unrealized profit of the long position at address 0xa5b0 increased to $11.5 million, with a total holding size of $199 million. This address is currently the largest long position holder for both BTC and ETH on the decentralized derivatives trading platform Hyperliquid.
The address opened an ETH long position on February 9 and has not closed it since February 15. Its main positions include: a 15x leveraged ETH long with approximately 70,000 ETH (about $148 million), an average price of $1,991, and an unrealized profit of $9.27 million; a 20x leveraged BTC long with about 700 BTC (about $50.1 million), an average price of $68,420, and an unrealized profit of $2.23 million.
This address previously established a multi-million dollar ETH long position at the end of last year and closed it all in February this year. After recently rebuilding the position, it has received multiple fund transfers from Matrixport, suspected to be related addresses.
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