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Whale 'pension-usdt.eth' Shifts Strategy, Increases Short Positions to $34.9 Million Following Bitcoin's Drop Below $73,000

Whale 'pension-usdt.eth' Shifts Strategy, Increases Short Positions to $34.9 Million Following Bitcoin's Drop Below $73,000

The whale address 0xcac has adjusted its strategy by expanding short positions to $34.9 million, holding a mix of spot BTC and ETH assets, with positions showing mixed profitability.

BTC
ETH
USDT

Fact Check
The claim is accurately supported by multiple independent monitoring reports from March 10, 2026. The whale address 0xcac (pension-usdt.eth) is a well-tracked entity on Hyperliquid. Reports from Bitget and WEEX specifically cite the $34.9 million short position figure and the shift to a 'one-sided bearish' strategy following Bitcoin's price decline below the $73,000 threshold.
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Summary

Hyperinsight reveals that whale address 0xcac adjusted its strategy after Bitcoin fell below $73,000, raising its short positions to $34.9 million. The whale holds $11 million in spot BTC and ETH assets. Its main positions include 20x BTC, 10x HYPE, and 20x ETH shorts, showing mixed profitability.

Terms & Concepts
  • Short position: A trade that profits if an asset’s price falls; traders borrow and sell, aiming to buy back lower.
  • Leverage: Using borrowed funds to increase trade size, amplifying both potential gains and losses.
  • Unrealized loss: A loss on a trade that has not yet been closed, indicating the value has dropped since the trade was opened.