According to data cited by Odaily from Hyperbot, the on-chain whale known as “pension-usdt.eth” has just reopened a short position on ETH. The position uses 3x leverage, and the address is continuing to add to the trade.
At the time of the data update, “pension-usdt.eth” held 8,364.3629 ETH in the position, with a total position value of approximately $14.5 million. A short position is a derivatives trade structured around downside exposure to ETH, while 3x leverage means the profit and loss of the position are amplified relative to the movement of the underlying asset.
The address name “pension-usdt.eth” appears in ENS format, and the position data comes from Hyperbot. The key update is that the whale has once again opened an ETH short exposure and has continued increasing the size of that position after entry.