The whale "pension-usdt.eth" closed a $64 million ETH short position, with daily profits reaching $3.4 million.

ETH0,38%
BTC-0,67%
AAVE-0,12%

BlockBeats News, February 5th, according to Coinbob Hot Address Monitoring, shows that at 1 a.m. today, the whale “pension-usdt.eth” closed all 30,000 ETH short positions during a period of continuous ETH price decline. The position was previously approximately $64 million, with an average closing price of about $2,134, and a profit of $3.44 million in the past 24 hours.

This whale’s strategy typically involves low leverage and short-term (average holding around 30 hours) concentrated trading of BTC and ETH. Since October last year, it has accumulated profits of over $23 million. Recently, the address has been continuously transferring its substantial profits accumulated on Hyperliquid into interest-bearing markets. Currently, its total lending on AAVE has reached approximately $22 million.

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