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Whale 'pension-usdt.eth' Closes Bitcoin Long Positions With $460K Profit, Opens 3x Leveraged Short on 410 BTC

Whale 'pension-usdt.eth' Closes Bitcoin Long Positions With $460K Profit, Opens 3x Leveraged Short on 410 BTC

According to Hyperinsight, the whale has now closed its 500 BTC 3x leveraged short with a minor profit after Bitcoin rebounded, marking another rapid position shift amid ongoing price volatility.

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Fact Check
Independent exchange reports from credible crypto news aggregators indicate that the Ethereum address 'pension-usdt.eth' engaged in opening and closing leveraged Bitcoin long positions, with on-chain and platform data referenced by industry monitoring tools such as BlockBeats and Hyperinsight. The primary articles describe a closing event resulting in realized profit of approximately $460,000, consistent across multiple exchange news releases. These sources specialize in reporting trading activity tied to identifiable wallets and have moderate to high authority within the cryptocurrency ecosystem. No identified sources contradict the claim or report losses. Other background sources, though more authoritative on general crypto topics, do not provide directly relevant information about this account. Given the consistency of data among highly relevant, moderately authoritative primary references and the absence of conflicting evidence, the most reasonable conclusion is that the statement is very probably true with high confidence.
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Summary

The whale wallet 'pension-usdt.eth' previously closed Bitcoin long positions for an estimated $460,000 profit before opening a 3x leveraged short on 410 BTC at $69,134, valued at about $28.44 million, with a reported liquidation price of $147,679. On March 3, Hyperinsight data showed the address closed a 500 BTC 3x short position with a minor profit as Bitcoin rose from $66,200 to $69,134. The address is known for executing high-volume, low-leverage trades and has accumulated over $24 million in total Bitcoin trading profits since October 2023.

Terms & Concepts
  • Whale: A crypto market participant holding large amounts of digital assets, whose trades can significantly influence price movements.
  • Short Position: A trading strategy where an investor bets on a price decline by selling borrowed assets with the intention of buying them back at a lower price.
  • Leverage: The use of borrowed funds to amplify trading exposure, increasing both potential profits and potential losses.