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Lookonchain says pension-usdt.eth closed Bitcoin short for $3.32 million gain

Lookonchain says pension-usdt.eth closed Bitcoin short for $3.32 million gain

Analytics updates now show the wallet closed its Bitcoin short with a higher reported profit before opening a 50,000 ETH leveraged short that is showing substantially larger unrealized gains.

BTC
ETH

Fact Check
The Lookonchain X post (status 2062184568724328820) directly confirms pension-usdt.eth closed a 1,400 BTC short for a $3.32M profit and opened a new 50,000 ETH short showing $1.07M unrealized gain. Odaily newsflash 486579 corroborates the same figures, and the earlier Odaily 486149 confirms the prior $20M+ unrealized loss context, matching the 'swung from earlier losses to a realized profit' framing.
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Summary

Whale wallet pension-usdt.eth has now been reported as closing its Bitcoin short for a $3.56 million profit before opening a new 50,000 ETH 3x leveraged short worth about $89 million, with unrealized gains exceeding $4.5 million and total profit topping $39.6 million. The latest figures, cited by OnchainLens, revise earlier Lookonchain-reported numbers that put the realized Bitcoin gain at $3.32 million and the new Ether short at $92.68 million with a $1.07 million unrealized profit. Earlier updates had also described volatile swings in the wallet’s leveraged Bitcoin and Ether shorts, including periods of large unrealized losses, as well as differing accounts of its prior winning streak and cumulative profit.

Terms & Concepts
  • Short position: A trade structured to profit if an asset's price falls, and to lose money if the price rises.
  • Leverage: Borrowed trading exposure that magnifies both gains and losses.
  • Unrealized gains: Paper profits on an open position that have not yet been locked in by closing the trade.