Odaily reported, citing Hyperbot data, that the whale address “pension-usdt.eth” has just opened another short position on Ethereum. The position is a 3x leveraged ETH short, and the address is continuing to add to it, according to the same data source.
Position Value Stands at About $14.5 Million
The current position held by “pension-usdt.eth” amounts to 8,364.3629 ETH, with a total position value of approximately $14.5 million. A short position generally refers to a trade structured in the opposite direction of a price increase, while 3x leverage indicates that the trade is using a magnified notional exposure relative to its base capital.
The address is described as a whale address in the report. The available information covers the direction of the trade, the leverage multiple, the ETH amount held in the position, and its approximate dollar value. The original report did not provide an entry price, margin amount, liquidation level, or closing conditions for the position.