ChainCatcher reported, citing monitoring from Onchain Lens, that the on-chain whale “pension-usdt.eth” has fully closed all of its ETH short positions. The closure generated a profit of $5.8 million. At the time of the monitoring update, the address’s total profit had exceeded $41.68 million.
All ETH Short Positions Closed
The key point in the update is that all ETH short positions held by “pension-usdt.eth” have been closed, rather than only a partial reduction. A short position is generally used to express a trading stance aligned with a decline in an asset’s price, while closing the position marks the end of that trade and confirms the related profit or loss. In the data shared by Onchain Lens, the profit tied to this ETH short exit was $5.8 million.
“pension-usdt.eth” is identified in the monitoring update as a whale address, a term commonly used for on-chain participants with large holdings or trading activity. In addition to the $5.8 million gain from this ETH short closure, the update states that the address’s current total profit has surpassed $41.68 million. The information centers on the full exit from the ETH short exposure and the realized profit figures reported by Onchain Lens.