Data: The maximum long positions of BTC and ETH on-chain are approaching breakeven, with a total position size of 183 million USD
Hyperliquid's official data shows that BTC rebounded to $66,840 after hitting a low of $66,000 last night at 11 PM, with a current increase of 3.9%. ETH's increase during the same period was smaller.
According to monitoring, the largest long positions for ETH and BTC on the platform belong to the "ETH Wave Master" address (0xa5b0), with a total holding size of $183 million.
The BTC long position held by this address amounts to $44.7 million, which has turned profitable; the ETH long position is $139 million, which needs ETH to rise by about 0.2% to break even, currently showing a floating loss of about $170,000.
Additionally, this address has received multiple fund transfers from Matrixport, and there is another suspected related address (0x6C8) that holds about $99.5 million in ETH long positions, currently showing a floating loss of $1.1 million.
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