'ETH Swing Master' Adds $45.4M to ETH Long Positions, Total Position Value Rises to $203M

BlockBeats reports that on March 19, according to Coinbob's popular address monitoring, last night and early this morning, the Matrixport-associated address 'ETH Swing Master' (0xa5b0…) continuously added long positions in ETH as its price fell to $2,300, accumulating between the $2,239 and $2,300 price range. A total of 20,000 ETH long positions were added, valued at approximately $45.4 million. Following this operation, the total value of its ETH long positions increased to $153 million, with the average entry price rising from $2,043 to $2,148. The floating profit for this position is approximately $3.5 million, with a return rate of 34%, and the liquidation price is set at $1,740. Additionally, the address still holds a 20x leveraged BTC long position valued at approximately $49.8 million, with an average entry price of $68,420. The total account position value has now recovered to $203 million. This address has repeatedly received fund transfers from Matrixport and is currently the largest ETH bull on-chain. Another suspected associated address (0x6C8…) also holds nearly $100 million in ETH long positions. Both addresses frequently engage in high-volume swing trading, often exceeding $100 million in scale, employing a strategy of buying low and selling high.