The on-chain ETH maximum long previously bought high and sold low, lowering the average price by nearly $90. Currently, the open position's unrealized profit has increased to $5.26 million.

On February 26, according to Coinbob’s popular address monitoring, the on-chain ETH largest long whale (0xa5b…) currently holds a 15x leveraged ETH long position, with unrealized gains expanding to $5.26 million (53%). Its current holdings are approximately 70,000 ETH, worth about $144 million, with an average entry price of $1,991, making it the largest ETH long position address on Hyperliquid platform.

Previous trading records show that on February 9, this address opened a long position of about 60,000 ETH at an average price of $2,086, experiencing a brief stop-out after entry. On February 14, ETH surged to around $2,100, and the address decisively reduced nearly half of its position (about 29,000 ETH), locking in a profit of $1.31 million.

Subsequently, as the price retreated, the address did not close the position to cut losses. Over the past 10 days, it gradually bought back nearly half of the previously taken profit positions in the $1,868 to $1,990 range, completing a “buy low, sell high” round-trip trading operation.

After this rebalancing, its average entry price decreased from $2,086 to $1,991, lowering the cost basis by nearly $90. As ETH continued to strengthen today, this address’s position turned profitable again, with profits reaching $6.6 million in the past week.

This whale previously established a multi-million-dollar ETH long position at the end of last year and fully closed it in February this year, holding about 60,000 ETH. Since then, it has re-entered the market, continuing its style of high-volume buy low, sell high, and swing trading.