Matrixport associated whale re-entered long positions near ETH $2300, short-term increased holdings by approximately $12.06 million

MarsBitNews · 2026-03-17T06:55:22+00:00

Matrixport-affiliated address continues to accumulate as ETH price retreats to around $2,300, adding 6,000 ETH worth approximately $12.06 million. The address's total position value has risen to $82.95 million, with current floating profits of approximately $9.4 million, achieving a return rate of 169%.

MarsBitNews

2026-03-17 06:55:22

Abstract generation in progress

Mars Finance News, March 17 — According to Hyperinsight monitoring, the Matrixport related address “ETH Wave Master” (0xa5b0…) continued to buy in the range of $2,300 to $2,302 after ETH price dropped to around $2,300, accumulating ETH long positions by adding 6,000 ETH in a row, worth approximately $12.06 million. After this operation, its total ETH long position value increased to $82.95 million, with an average entry price rising from $1,991 to $2,043. The current ETH price is $2,304, with an unrealized profit of about $9.4 million, and a return of 169%, with a liquidation price set at $1,138. This address has received multiple transfers from Matrixport and was previously the largest on-chain ETH long position. There is also a suspected related address (0x6C8…) holding nearly $100 million worth of ETH long positions, often engaging in high-volume buy low, sell high, and swing trading strategies.

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