Data: On-chain BTC and ETH's largest long positions are approaching break-even, with total holdings reaching $183 million.

ZkProver · 2026-03-04T11:47:57+00:00

BTC rebounded to $68,640 since last night, an increase of 3.9%; ETH's gain was smaller. The largest long address, "ETH Swing Master," holds $183 million. BTC long positions have turned profitable, while ETH needs to rise about 0.2% to break even.

ZkProver

2026-03-04 11:47:57

Abstract generation in progress

ChainCatcher reports that according to Hyperliquid’s official data, 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.

Additionally, monitoring shows that the largest long positions on the platform for both ETH and BTC are held by the “ETH Wave Master” address (0xa5b0), with a total holding of $183 million.

The BTC long position held by this address amounts to $44.7 million, which has now turned profitable; the ETH long position is $139 million, still about 0.2% below breakeven, with an unrealized loss of approximately $170,000.

Furthermore, this address has received multiple transfers from Matrixport, and another suspected related address (0x6C8) holds about $99.5 million in ETH long positions, with an unrealized loss of $1.1 million.

BTC7.83%

ETH7.14%

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