Hyperliquid's Largest BTC and ETH Long Positions Near Breakeven as Key Address Dominates Exposure

BTC rose 3.9% from an overnight low of $66,000 to $68,640 on Hyperliquid, while ETH recorded a more modest gain, official platform data cited by ChainCatcher show. The address "ETH Swing Master" (0xa5b0) holds the largest long positions in both BTC and ETH on Hyperliquid with a combined size of $183 million, including a $44.7 million BTC long now in profit and a $139 million ETH long with an unrealized loss of about $170,000 that needs only a 0.2% ETH price increase to reach breakeven. ChainCatcher also reports that this address has received multiple fund transfers from Matrixport, while another suspected related address (0x6C8) holds roughly $99.5 million in ETH long positions on the platform, currently showing an unrealized loss of $1.1 million.