pension-usdt.eth Raises 3x ETH Short to 50,000 ETH, With Unrealized Profit Above $1.43M

Odaily reported that, according to monitoring by Onchain Lens, the on-chain address pension-usdt.eth has increased its 3x short position on ETH to 50,000 ETH. Based on the monitored data, the position is valued at $85.28 million and is currently showing more than $1.43 million in unrealized profit.

A short position on ETH generally refers to a derivatives trade positioned for a decline in ETH’s price, while “3x” indicates the use of leverage. The reported profit remains unrealized, meaning the final outcome depends on whether the position is closed and the price level at the time of closure.