On-chain ETH's largest long previously sold high and bought low, averaging a $90 drop, with the current position's unrealized gains expanding to $5.26 million

Feb. 26 — Per on-chain data from Coinbob Popular Address Monitoring, the largest ETH long whale (address starting with 0xa5b...) currently holds a 15x leveraged ETH long position, with unrealized gains swelling to $5.26 million (53%). The whale’s current position totals ~70,000 ETH (valued at ~$144 million) with an average entry price of $1,991 — making it the largest long position on the Hyperliquid platform. **Key Historical Moves**: - On Feb. 9, the address opened a ~60,000 ETH long position at an average $2,086, briefly falling underwater post-entry. - On Feb. 14, as ETH surged to ~$2,100, it closed nearly half its stake (~29,000 ETH), locking in $1.31 million in profits. As ETH prices later dipped, the whale avoided liquidation. Over the past 10 days, it gradually reloaded the sold portion in the $1,868–$1,990 range, completing a "sell high, buy low" trade. This rebalancing cut its average cost from $2,086 to $1,991 (a ~$90 reduction). With ETH extending gains today, the whale has flipped from loss to profit — posting $6.6 million in gains over the past week. Notably, the whale previously built a $1 billion+ ETH long position late last year, fully closing it in February (holding ~60,000 ETH at the time). It has since re-entered the market, continuing its swing-trading style of large-scale ($1B+ volume) sell-high/buy-low trades.