Derived from HashNews, a trader identified as pension-usdt.eth has profited over $25 million and transitioned from a long to a short position in Ethereum (ETH). According to Lookonchain monitoring, the trader closed their ETH long position for a $278,000 profit and then opened a 3x short position of 20,000 ETH, valued at $58.44 million.
Trader pension-usdt.eth Profits Over $25M, Shifts to ETH Short Position
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Summary
A trader known as pension-usdt.eth has executed a major position trading move, profiting over $25 million and shifting from an ETH long to a short position. Lookonchain data shows the trader closed a long position for $278,000 profit and opened a 3x short of 20,000 ETH, valued at $58.44 million. The trade highlights careful position sizing and strategic adjustments in a volatile market.
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