According to on-chain analyst Onchain Lens (@OnchainLens), the "smart money" wallet "pension-usdt.eth" has now opened a 3x leveraged BTC long position of 1,000 BTC (worth $95 million) after unwinding its ETH long position and realizing a profit of $739,432.
Smart Money "pension-usdt.eth" Opens $95M BTC Long After Closing ETH Position
TechFlowShare
Summary
Smart money account "pension-usdt.eth" closed its ETH long position with a $739,432 profit and opened a 3x BTC long position of 1,000 BTC, valued at $95 million. This move reflects a shift in position trading focus from Ethereum to Bitcoin. Position sizing appears to be a key factor in the strategy, with a large allocation to Bitcoin. Onchain Lens reported the activity, highlighting the account's active trading approach.
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