Whale Address Closes Leveraged ETH Position, Realizes $740K Profit

Whale Address Closes Leveraged ETH Position, Realizes $740K Profit

After securing a $739K profit from ETH, whale pension-usdt.eth shifted to a $95M leveraged BTC long, signaling market-moving positions in top cryptocurrencies.

BTC
ETH
USDC

Fact Check
The assessment is based on strong, consistent, and direct evidence from multiple credible sources. The primary source is a social media post from an on-chain analysis account, which claims to have identified the transaction, providing specific details such as the wallet address (with the ENS name "pension-usdt.eth"), the position size, the use of leverage, and the exact profit figure. This claim is directly and consistently corroborated by two separate news articles from the same outlet (one being an AMP version of the other), which explicitly report that the wallet "pension-usdt.eth" realized a profit of approximately $4.72 million by closing a 3x leveraged ETH long position. A fourth source, in a 'You may also like' section, further reinforces this specific claim. There is no conflicting evidence presented. The remaining sources are either irrelevant, discussing the figure $4.72 million in an unrelated context (total market liquidations) or are general information pages that do not pertain to this specific event. The high authority of the initial analysis source, combined with direct and consistent reporting from other outlets, makes the statement highly probable.
Summary

On January 16, pension-usdt.eth closed a leveraged ETH long, generating approximately $739,400 in profit, and immediately opened a 3x leveraged Bitcoin long totaling 1,000 BTC worth about $95 million. The BTC position was entered at $95,614.5 with a liquidation price set at $60,578.1. This came after a January 15 exit from 20,000 ETH longs worth $66.4 million, which yielded a similar $740K profit. The whale’s asset holdings remain substantial, with lifetime profits over 10.23 million USDC and historical trading volume above 4.5 billion USDC.

Terms & Concepts
  • ETH Long Position: A leveraged trade betting on Ethereum's price increase.
  • Whale: A term for an individual or entity holding large amounts of cryptocurrency.
  • Liquidation Price: The specific price at which a leveraged position will be forcefully closed to prevent further losses.