Odaily reported that, according to monitoring by Lookonchain, the whale address known as “pension-usdt.eth” has closed its Ethereum short position. The position involved 60,000 ETH, and the closure generated a profit of $5.8 million.
The monitored data shows that this trade extended the whale’s existing winning streak. After closing the Ethereum short position, “pension-usdt.eth” has now achieved 23 consecutive wins, with total profits reaching $41 million.
A short position generally refers to a trade structured around a decline in the price of an asset. When such a position is closed at a profit, the trader has realized gains at settlement. The details in this report are based on Lookonchain’s monitoring of transactions associated with the whale address.