A prominent ETH swing trader, known as "ETH Swing Master" with the address 0xa5b0, has achieved significant unrealized profits exceeding $12 million through strategic leveraged positions. The trader currently holds a 15x leveraged long position in ETH, with unrealized gains of $9.2 million, representing a 93% increase. The position size is approximately 70,000 ETH, valued at $144 million, with an average entry price of $1,991. In addition to ETH, the trader has also invested in BTC, purchasing at an average price of $68,170 on March 3, resulting in a paper profit of $2.8 million, or 118%. This BTC position, valued at $47.1 million, has outperformed the ETH position in terms of returns. The trader's total unrealized profit across both positions on the Hyperliquid platform now exceeds $11 million, indicating a bullish outlook as positions remain open. The trader has a history of executing high-value trades, previously closing a $100 million ETH position in February, and has received multiple fund transfers from Matrixport, suggesting potential connections.