Gate News reports that on March 16, on-chain address 0xa5b0 (known as the “ETH Wave Master”) increased its long position’s unrealized profit to $16 million, with a total holdings value of $203 million. 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. Major positions include: a 15x ETH long with approximately 70,000 ETH (about $152 million), an average price of $1,991, and an unrealized profit of $13 million (128%); a 20x BTC long with about 700 BTC (roughly $50.8 million), an average price of $68,420, and an unrealized profit of $2.93 million (114%). The address previously established a multi-hundred-million-dollar ETH long position at the end of last year and closed it all in February this year. Recently, it has reopened positions and has received multiple transfers from Matrixport, suspected to be related addresses.
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