According to on-chain analyst Onchain Lens (@OnchainLens), as the prices of BTC and ETH rose, the leveraged short positions held by the whale address "pension-usdt.eth" have incurred unrealized losses exceeding $10 million. Specifically, the short position on 1,000 BTC (valued at approximately $75.64 million) has suffered an unrealized loss of about $6.7 million, while the short position on 10,000 ETH (valued at approximately $23.6 million) has incurred an unrealized loss of about $3.46 million.
Whale address 'pension-usdt.eth' incurs over $10M in unrealized losses on 3x short positions
TechFlowShare
Summary
Whale trading activity has drawn attention as the address 'pension-usdt.eth' faces over $10 million in unrealized losses from 3x short positions. With BTC and ETH prices rising, the position includes 1,000 BTC shorts ($75.64 million) with a $6.7 million loss and 10,000 ETH shorts ($23.6 million) with a $3.46 million loss. Traders are now closely monitoring whether a stop-loss strategy will be triggered to limit further losses.
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