ETH Swing Master linked to Matrixport adds $45.4M ETH longs after price drop, lifting total crypto positions to $203M

The Matrixport-associated address "ETH Swing Master" (0xa5b0…) added 20,000 ETH worth about $45.4 million in long positions between $2,239 and $2,300 after ETH briefly fell to $2,300 last night and early this morning, Coinbob's Popular Address Monitoring data show. Following these purchases and rollovers, the address's ETH long position rose to $153 million with an average entry price of $2,148, up from $2,043, and an unrealized profit of around $3.5 million (34% return); the liquidation price is set at $1,740. The address also holds a 20x leveraged BTC long worth roughly $49.8 million at an average entry of $68,420, bringing total positions to $203 million and making it the largest onchain ETH long holder per the same data, while another suspected related address (0x6C8…) carries nearly $100 million in ETH longs. Both addresses frequently engage in high-sell, low-buy swing trading with transaction volumes often exceeding $100 million, BlockBeats reports.