ChainCatcher reported, citing monitoring by Onchain Lens, that the on-chain whale “pension-usdt.eth” has fully closed all of its ETH short positions. The closure generated a profit of $5.8 million, and the relevant positions have now been completely exited.
An ETH short position generally refers to a trading position established on the expectation that the price of Ethereum will decline. In this case, “pension-usdt.eth” has chosen to close all of the ETH short exposure it previously held, with the realized result reflected in the latest closing operation.
According to the Onchain Lens monitoring data cited in the report, after this ETH short closure and the $5.8 million gain, the total profit of “pension-usdt.eth” has now exceeded $41.68 million. ChainCatcher categorized the update under whale movement coverage.