Odaily reported that data from Hyperbot shows the whale address “pension-usdt.eth” has just opened another short position on Ethereum with 3x leverage. The address is also continuing to add to the position.
The position currently holds 8,364.3629 ETH, with a reported value of about $14.5 million. Based on the disclosed information, the trade is an ETH short, uses 3x leverage, and has already reached a multi-million-dollar size. A short position generally benefits when the underlying asset falls and comes under pressure when the asset rises, while leverage magnifies changes in the position’s profit and loss.
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