ChainCatcher reported, citing monitoring by Lookonchain, that the whale address “pension-usdt.eth” has closed its Ethereum short position involving 60,000 ETH. Based on the monitoring data cited in the report, the closure of this short position generated a profit of $5.8 million. A short position generally refers to a trade placed on a decline in an asset’s price, while closing the position means the trade has been ended.
Reported 23-Win Streak and $41 Million Total Profit
Lookonchain’s monitoring also showed that “pension-usdt.eth” has now recorded 23 consecutive winning trades, with total profit reaching $41 million. The 60,000 ETH Ethereum short was a large position in the address’s reported trading record, and the $5.8 million profit from this closure adds to the whale’s cumulative profit figure.
The information comes from ChainCatcher’s report based on Lookonchain monitoring. The key figures in the report are the whale name “pension-usdt.eth,” the 60,000 ETH short position, the $5.8 million profit from closing the position, the 23 consecutive wins, and the total profit of $41 million. The original item did not provide the opening price, closing price, trading venue, or exact execution time, so those details are not included here.