According to Odaily Planet Daily, on-chain data monitor Lookonchain reports that renowned trading address pension-usdt.eth closed a sizable Bitcoin short position today, booking a $3.32 million profit. The short involved 1,400 BTC, with the closed position valued at approximately $93.86 million. The address had previously notched an astonishing 21 consecutive profitable trades, accumulating over $36 million in total gains and cementing its status as one of the most watched whales in the market.
Without pausing, the address swiftly pivoted after closing the BTC short, opening a new directional bet. This time it turned to Ethereum, shorting 50,000 ETH with 3x leverage, representing a nominal value of around $92.68 million. As of now, this fresh ETH short has already generated an unrealized profit of $1.07 million, once again showcasing its precise short-term timing. These moves highlight the whale's persistent bearish stance in the crypto market, making its next actions worth following closely.