Onchain analytics platform Onchain Lens has captured a significant move by the whale address pension-usdt.eth during the ongoing market downturn. The address's 3x leveraged Bitcoin short position has generated an unrealized profit exceeding $3.2 million, and the address has already commenced closing the position in batches, locking in part of the gains. Given the amplification effect of 3x leverage, this floating profit underscores the success of the whale's bearish strategy amid the market retreat.
Onchain Lens is a specialized service focusing on on-chain data tracking and whale behavior alerts, parsing address transaction flows to issue market warnings. The long-tagged pension-usdt.eth address has previously been known among market participants for frequent high-leverage trading activities. The platform's high-frequency updates provide real-time alerts that are widely referenced within the crypto community, serving as a practical lens for market sentiment.
Simultaneously, the address did not cease operations; instead, it opened a new 3x leveraged Ethereum short position. On-chain records show that the position size of this ETH short is still steadily increasing. This move not only diversifies the asset classes within its short portfolio but also reinforces its bearish outlook on the near-term broader market.