Gate News reports that on March 9, according to Hyperinsight monitoring, ETH rebounded above $2,000. Address 0xa5b0 (“ETH Wave Master”) has returned to a long position, with an unrealized profit of $700,000 (7%). The address currently holds approximately 70,000 ETH, worth about $144 million, with an average entry price of $1,991. It is the largest long position on a certain decentralized derivatives platform for ETH. Currently, this address is also the largest long holder for both BTC and ETH on the platform. Its 15x leveraged ETH long position was opened on February 9 and has not been closed since February 15. This whale previously established ETH long positions worth over $100 million at the end of last year and fully closed them in February this year. Recently, it has reopened positions, continuing its trading style of high-volume buy low, sell high, and swing trading. The address has also received multiple fund transfers from an institution, suspected to be a related address.
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