ETH swing master suffers a floating loss of $520,000 on $150 millions holdings

According to Hyperinsight monitoring, the Matrixport-associated address "ETH Wave Master" (0xa5b0…) holds ETH long positions with an average price of $2,148. Last night and this morning, the price fell below the average, resulting in a floating loss of $520,000 (-5.2%), with a position size of approximately $150 millions. Previously, this address increased its holdings by 20,000 ETH at prices between $2,239 and $2,300, worth about $45.4 millions. In addition, this address still holds a 20x leveraged BTC long position, with a size of approximately $49.2 millions, an average price of $68,420, and a floating profit of $1.3 millions (52%).