According to monitoring cited by Odaily, the on-chain account pension-usdt.eth is gradually closing its ETH short positions. The account currently still holds $80 million in ETH short exposure, with an unrealized profit of $2.77 million.
The same information shows that pension-usdt.eth has recorded total account profit of $40.16 million. In trading terms, an ETH short position is a position that benefits when the ETH price declines, while closing a position means reducing or ending that short exposure. The key figures disclosed in this update are the current $80 million ETH short position, $2.77 million in unrealized profit, and $40.16 million in total profit.
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