Odaily reported, citing monitoring data from Lookonchain, that the whale address “pension-usdt.eth” has closed its Ethereum short position involving 60,000 ETH. The closing of this position generated a profit of $5.8 million for the address, adding another notable entry to its on-chain trading record.
60,000 ETH Short Position Closed
A short position refers to a trade structured around a decline in the price of an asset. In this case, the position closed by “pension-usdt.eth” was an Ethereum short with a scale of 60,000 ETH. Based on the data disclosed by Lookonchain, the realized profit from this operation was $5.8 million.
Lookonchain also stated that “pension-usdt.eth” has now achieved 23 consecutive winning trades. Its total profit has reached $41 million. The combination of the address’s winning streak and the size of the 60,000 ETH position makes this latest transaction a notable update among monitored whale activities.