Ethereum Whale Closes $75M Short With $2.1M Loss After Market Rebound
Ethereum trader pension-usdt.eth has closed another sizable short position, this time incurring a modest overall portfolio loss despite profitable BTC and SOL positions.
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Summary
An Ethereum trader known as pension-usdt.eth closed a $106 million ETH short after 15 hours, taking a $479,000 loss. The trader’s simultaneous long positions in BTC and SOL were profitable, limiting the overall portfolio loss to $49,000. This follows prior closures of large ETH shorts, including one worth $75 million that resulted in a $2.1 million loss. Despite recent setbacks from leveraged ETH trades, the trader remains notably profitable overall.
Terms & Concepts
- ETH Short: A position that profits if Ethereum’s price declines, typically involving selling borrowed ETH to buy it back later at a lower price.
- Hyperliquid: A decentralized cryptocurrency derivatives exchange allowing trading of perpetual futures and other instruments.