On-chain BTC and ETH's largest long positions are approaching break-even, with total holdings reaching $183 million.

ChainCatcher News, according to official data from Hyperliquid, Bitcoin rebounded after hitting a low of $66,000 last night at 11 PM, currently trading at $68,640, with a gain of 3.9% during this period. Ethereum’s increase was smaller in comparison.

Additionally, monitoring shows that the largest long positions on the platform for both ETH and BTC are held by the “ETH Wave Master” address (0xa5b0), with a total holding of $183 million. Its BTC long position amounts to $47.7 million, which has now turned profitable; ETH long positions total $139 million, still needing about a 0.2% increase in ETH to break even, with an unrealized loss of approximately $170,000. Furthermore, this address has received multiple transfers from Matrixport, and another suspected related address (0x6C8) holds about $99.5 million in ETH long positions, with an unrealized loss of $1.1 million.