On-Chain Address pension-usdt.eth Closes 3x ETH Short Position, Enters $2.4M Short Trade
Ethereum whale pension-usdt.eth enters a new $2.4 million 3x leveraged short position after previously incurring a $3.4M loss, continuing to trade actively with significant profits.
ETH
USDT
USDC
Summary
Trader pension-usdt.eth deposited nearly $30 million USDC into their contract and opened a 3x leveraged short position on ETH, now valued at $2.4 million. This adds to the trader’s cumulative profits of $21.84 million from approximately 70 trades since October 2024.
Terms & Concepts
- Leveraged position: A trading approach that uses borrowed funds to increase exposure; gains or losses are amplified compared to a non-leveraged position.
- Short position: A trade where an investor sells an asset they do not own, aiming to buy it back later at a lower price to profit from a decline in value.