According to ChainCatcher, on-chain monitoring shows that the whale address “pension-usdt.eth” has reopened a 3x leveraged ETH short position after fully closing its Ethereum short position yesterday. The address currently holds a position of 871.3249 ETH, with a position value of approximately $1.5 million and a reported return on investment of 0.25%.
pension-usdt.eth Returns to a Leveraged ETH Short
The disclosed on-chain data centers on a change in the whale’s short exposure. After closing all of its Ethereum short position yesterday, pension-usdt.eth has now opened a new 3x leveraged ETH short. A short position is generally a trade direction that benefits when the price of the underlying asset declines, while leverage increases the sensitivity of the position to price movement.
At present, the monitored position size is 871.3249 ETH, equivalent to about $1.5 million in value based on the figures provided. The reported investment return for the position stands at 0.25%. The update reflects only the position status and numbers disclosed through the on-chain monitoring cited by ChainCatcher.