Odaily reported that, according to Hyperbot data, the on-chain whale address “pension-usdt.eth” has just opened another short position on ETH. The position uses 3x leverage and is directed against Ethereum, with the address continuing to add to the position at the time of the data update.
The current position held by “pension-usdt.eth” amounts to 8,364.3629 ETH, with an estimated value of about $14.5 million. A short position generally means the trader is positioned for a decline in the price of the underlying asset. When leverage is involved, the position size is amplified, and both gains and losses can move more sharply.
The information was disclosed through Hyperbot data and published by Odaily as a homepage headline newsflash. The report did not include additional details such as the previous short position’s entry price, margin size, or any closing plan for the address.