According to on-chain analyst Onchain Lens (@OnchainLens), the whale wallet "pension-usdt.eth" has increased its position, adding 20,000 ETH (approximately $61.3 million) to its 3x short ETH position, while slightly reducing its 3x short BTC position by 500 BTC. The wallet currently holds 30,000 ETH shorts and 500 BTC shorts, with total unrealized profits nearing $28 million.
Whale pension-usdt.eth adds a $61.3M ETH short position
TechFlowShare
Summary
The whale account 'pension-usdt.eth' added 20,000 ETH triple short contracts, worth $61.3 million, demonstrating careful position sizing. The account now holds 30,000 ETH shorts and reduced its BTC shorts by 500. Floating profits are near $28 million. These position adjustments indicate a strategic focus on ETH exposure.
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