According to on-chain analyst Onchain Lens (@OnchainLens), the whale "pension-usdt.eth" has fully closed its BTC long position (10x leverage), incurring a loss of $7.09 million. The whale has now opened a 3x leveraged ETH short position. The position size is 25,000 ETH (worth $73.54 million), with an entry price of $2,927.33 and a liquidation price of $3,990.63.
Pension-usdt.eth Closes BTC Long Position, Suffers $7.09M Loss
TechFlowShare
Summary
A major whale, pension-usdt.eth, has closed its BTC long position using 10x leverage, incurring a $7.09 million loss in position trading. The whale has opened a 3x leveraged ETH short position of 25,000 ETH ($73.54 million), with a liquidation price of $3,990.63. Position sizing appears to be a key factor in this strategic shift.
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