On March 17, according to Coinbob's popular address monitoring, as ETH rebounded above $2,300, the "ETH Wave Master" address (0xa5b0) expanded its long position unrealized gains to over $25 million. Over the following 4 hours, the address closed out 40,000 ETH long positions at an average price of approximately $2,350, equivalent to about $94 million, with realized profits reaching $14.5 million.

As of press time, its main positions are as follows:

15x ETH long position: holding approximately 30,000 ETH, equivalent to about $70.7 million, average entry price $1,991, unrealized gains $11 million (233%);

20x BTC long position: holding approximately 700 ETH, equivalent to about $50.8 million, average entry price $68,420, unrealized gains $5.04 million (190%);#Gate广场AI测评官

This whale previously established ETH long positions worth over $100 million in late last year and closed them all in February of this year. Recently re-entered positions, has received fund transfers from Matrixport multiple times, suspected to be related addresses. Typically employs a trading style of selling high and buying low and swing trading T operations with positions exceeding $100 million.