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Whales Engage in High-Stakes Leveraged Trading on BTC and ETH

Whales Engage in High-Stakes Leveraged Trading on BTC and ETH

Ethereum whale ‘pension-usdt.eth’ shifts from closing shorts to opening a major leveraged long, underscoring rapid strategy changes among large crypto traders.

BTC
ETH

Summary

Ethereum whale 'pension-usdt.eth' closed all ETH short positions and opened a new 3× leveraged ETH long worth $12.63 million. The entry price for the position was $3,097.07 with a mark price of $3,099.9, indicating a swift strategic shift from shorting to anticipating price increases. This follows earlier trades where the whale secured $2.75 million in profit from shorts, illustrating ongoing aggressive derivatives trading by large market participants.

Terms & Concepts
  • Short position: A trading strategy that seeks to profit from falling prices by selling an asset first and buying it back later at a lower price.
  • Leverage: The use of borrowed funds to amplify exposure to an asset, increasing both potential returns and potential losses.