On-chain BTC and ETH largest long positions are approaching breakeven, with total holdings reaching $183 million
On March 4th, Hyperliquid official data shows that BTC rebounded after hitting a low of $66,000 last night at 11 PM, currently trading at $68,640, with a rise of 3.9% during this period. ETH's increase was smaller in comparison.
According to Hyperinsight monitoring, the largest long positions on the platform for ETH and BTC are both held by the "ETH Wave Master" address (0xa5b0), with total holdings of $183 million. The BTC long position held by this address amounts to $44.7 million, which has now turned profitable, with an unrealized profit of $400,000; ETH's long position is $139 million, still needing about 0.2% ETH appreciation to break even, with an unrealized loss of approximately $170,000.
Additionally, this address has received multiple transfers from Matrixport, and there is a suspected related address (0x6C8) holding about $99.5 million in ETH long positions, currently with an unrealized loss of $1.1 million.
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On-chain BTC and ETH largest long positions are approaching breakeven, with total holdings reaching $183 million
On March 4th, Hyperliquid official data shows that BTC rebounded after hitting a low of $66,000 last night at 11 PM, currently trading at $68,640, with a rise of 3.9% during this period. ETH's increase was smaller in comparison.
According to Hyperinsight monitoring, the largest long positions on the platform for ETH and BTC are both held by the "ETH Wave Master" address (0xa5b0), with total holdings of $183 million. The BTC long position held by this address amounts to $44.7 million, which has now turned profitable, with an unrealized profit of $400,000; ETH's long position is $139 million, still needing about 0.2% ETH appreciation to break even, with an unrealized loss of approximately $170,000.
Additionally, this address has received multiple transfers from Matrixport, and there is a suspected related address (0x6C8) holding about $99.5 million in ETH long positions, currently with an unrealized loss of $1.1 million.