Odaily reported that, according to Hyperbot data, the whale address “pension-usdt.eth” has just opened another short position on Ethereum. The position uses 3x leverage and is based on ETH. The same data indicates that the address has continued to add to the position after opening it.
At the time the data was disclosed, the position held by “pension-usdt.eth” stood at 8,364.3629 ETH, with a position value of about $14.5 million. The position is a short, meaning it is positioned in favor of a decline in the ETH price. With 3x leverage, the nominal exposure of the position is higher than the amount of margin committed to it.
The key details of the update are concentrated in the address name, the trading direction, and the leverage level: the address is “pension-usdt.eth,” the position is an ETH short, and the leverage is 3x. Hyperbot data also shows that the address did not stop after a single opening transaction, but continued increasing the size of the existing short position.