BlockBeats news, March 19: According to Coinbob's Popular Address Monitoring, last night and early this morning, after the ETH price dropped to $2,300, the Matrixport-associated address "ETH Swing Master" (0xa5b0…) continuously bought long positions between $2,239 and $2,300, rolling over and increasing its long position by 20,000 ETH, worth approximately $45.4 million.
After this operation, the total value of its ETH long position rose to $153 million, with the average entry price increasing from $2,043 to $2,148. The position currently has an unrealized profit of approximately $3.5 million, yielding a return of 34%, with a liquidation price set at $1,740.
Additionally, it still holds a 20x leveraged BTC long position worth approximately $49.8 million, with an average entry price of $68,420; the total position size of the account has now rebounded to $203 million.
This address has repeatedly received fund transfers from Matrixport and is currently the largest on-chain ETH long position. Another suspected related address (0x6C8…) also holds nearly $100 million in ETH longs. It commonly employs a trading style involving high-selling and low-buying, with frequent swing trades in volumes exceeding $100 million.