ETH's Biggest Bull "ETH Swing Master" Turns Profit to Loss on $150M Position, Average Price $2,148

Gate News reports that on March 20th, on-chain data shows that last night and this morning, an institutional-related address “ETH Wave Master” (0xa5b0…) holding ETH long positions has fallen below the average price. The current unrealized loss is $520,000 (-5.2%), with an average price of $2,148, and a position size of approximately $150 million. Previously, after taking partial profits on some longs, the whale continued to buy more at prices between $2,239 and $2,300, adding 20,000 ETH, worth about $45.4 million. Additionally, it still holds a 20x leveraged BTC long position, with a size of about $49.2 million, an average price of $68,420, and an unrealized profit of $1.3 million (52%).