The wallet address built large bearish crypto trades, including more than $90 million in Bitcoin and about $45 million in Ethereum, and was showing roughly $15.73 million in unrealized losses.
The wallet address pension-usdt.eth opened approximately $125 million in short positions against Bitcoin and Ethereum, signaling a large bearish bet on the two biggest cryptocurrencies. The address shorted more than $90 million of Bitcoin near $67,000 and about $45 million of Ethereum near $2,100. At the time described in the source, the positions were carrying an unrealized loss of about $15.73 million. The liquidation prices were about $101,000 for Bitcoin and $3,300 for Ethereum, levels at which margin-backed positions can be forcibly closed if losses deepen.