ChainCatcher report, according to Hyperinsight monitoring, the contract whale pension-usdt.eth closed all its long positions as Bitcoin rose to $66,200, and began establishing short positions as it reached $69,134. It is currently shorting 410 BTC with 3x leverage, representing a position value of $28.44 million, with a liquidation price of $147,679 and an entry price of $69,334. As of publication, pension-usdt.eth continues to add to its position.
Whale Closes Long and Short Bitcoin Positions with $28.44M Stake
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Summary
A major futures whale, pension-usdt.eth, recently switched from a long to a short position in trading as Bitcoin reached $66,200. The whale opened a $28.44 million short position at $69,134, using 3x leverage and shorting 410 Bitcoin. With an entry price of $69,334 and a liquidation price at $147,679, the whale continues to add to the position. Position sizing remains a key factor as the trader adjusts exposure in response to Bitcoin’s price movements.
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