ETH swing trader posts $11M unrealized gains on leveraged positions with $68,170 BTC entry and $1,991 ETH basis

An address labeled "ETH Swing Master" (0xa5b0) holds a 15x leveraged ETH long on Hyperliquid with roughly 70,000 ETH in notional exposure worth about $144 million at an average entry of $1,991, generating around $9.2 million in unrealized profit, Coinbob data cited by BlockBeats show on March 5. The address opened a BTC long on March 3 near short-term lows, accumulating about $47.1 million in BTC at $68,170, now showing a paper gain of roughly $2.8 million. Together, the positions make the address the largest BTC and ETH long on Hyperliquid with combined unrealized profits above $11 million, and the address has not closed either position. BlockBeats also noted the whale ran an ETH long exceeding $100 million late last year, closed it in February, and has received fund transfers from Matrixport-linked addresses.