"ETH Wave Master" took profit this morning on ETH long positions worth 96 million, realizing profits of 14.5 million USD

MarsBitNews · 2026-03-17T03:05:37+00:00

According to Mars Finance, ETH price has rebounded to above $2,300. A trader achieved unrealized gains exceeding $25 million through swing trading and closed a position of 40,000 ETH at an average price of $2,350, realizing profits of $14.5 million. Currently, the trader holds large long positions in both ETH and BTC, demonstrating a high-frequency, high-volume trading style.

MarsBitNews

2026-03-17 03:05:37

Abstract generation in progress

Mars Finance News, March 17 — According to Coinbob’s popular address monitoring, following ETH’s rebound above $2,300, the “ETH Wave Master” address (0xa5b0) has increased its total unrealized profit on long positions to over $25 million. In the past four hours, this address closed approximately 40,000 ETH longs at an average price of about $2,350, realizing roughly $94 million in profit, totaling $14.5 million.

As of press time, its main holdings are as follows:

15x ETH long: approximately 30,000 ETH, about $70.7 million, average price $1,991, unrealized profit $11 million (233%);
20x BTC long: approximately 700 BTC, about $50.8 million, average price $68,420, unrealized profit $5.04 million (190%).

This whale previously established ETH long positions worth over $100 million at the end of last year and fully closed them in February this year. Recently, it has been rebuilding positions and has received multiple transfers from Matrixport, suspected to be linked addresses. The trader often engages in high-volume buy and sell strategies, taking advantage of fluctuations and swing trading with over $100 million in volume.

ETH2,28%

BTC0,41%

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