ChainCatcher reported, citing on-chain monitoring data, that the whale address “pension-usdt.eth” has reopened a 3x leveraged ETH short position after fully closing its Ethereum short position yesterday. The latest on-chain record shows the address has returned to a short direction on ETH.
The current position held by “pension-usdt.eth” stands at 871.3249 ETH, with an approximate position value of $1.5 million. The same on-chain data shows that the position’s current return on investment is 0.25%. A short position refers to a derivatives trade that benefits from a decline in the underlying asset’s price, while 3x leverage indicates that the position exposure is amplified relative to the trader’s capital.
The move follows the whale’s full closure of its previous Ethereum short position yesterday. Based on the information currently provided by on-chain monitoring, the disclosed details cover the reopening of the ETH short, the position size, the approximate value of the position, and the current ROI.