ChainCatcher reported that, according to monitoring by Lookonchain, the whale address “pension-usdt.eth” has closed its Ethereum short position involving 60,000 ETH. The completed trade generated a profit of $5.8 million.
A short position generally refers to a derivatives trade structured around a decline in the price of an asset, while closing the position means that the trade has been ended. Based on the data cited from Lookonchain, after this 60,000 ETH short was closed, pension-usdt.eth extended its trading record to 23 consecutive wins.
The whale’s total profit has now reached $41 million. The disclosed information focuses on the Ethereum short position closure, the profit from this specific trade, the current winning streak, and the cumulative profit figure. No additional position changes or new trade details were included in the item.