Gate News message: On April 3, according to monitoring by The Data Nerd, the swing-trading whale pension-usdt.eth yesterday (April 2) increased its ETH short position by $41 million using 3x leverage. It currently holds a total ETH and BTC short position of about $107.5 million.

From 2026-04-02 00:30 to 2026-04-02 00:45 (UTC), the ETH 15-minute candlestick shows a gain of +0.72%. The price range is 2137.74 to 2157.47 USDT, with a swing of 0.92%. The volatility is moderate, but as market attention to this unusual move increases, the interest in related market conditions and risk discussions also rises. The main driver of this unusual move is the convergence of multiple technical rebound signals and derivatives positioning at high levels. A long-legged doji on the monthly chart has formed, creating expectations of a trend reversal. On the daily chart, the RSI is already at 42, having dropped into the oversold zone. 4

2026-04-01 13:30 to 13:45 (UTC), over a 15-minute period ETH’s return rate is -0.78%, and the price range fluctuates from 2109.18 to 2135.43 USDT, with a swing of 1.23%. Market attention has increased, local volatility has intensified, short-term capital battles are noticeably more pronounced, and spot and derivatives trading volumes on major exchanges have expanded in parallel. The main driving force behind this unusual move is a localized surge in short-term trading volume, along with concentrated selling and the passive triggering of stop-loss orders, which caused ETH’s price to dip in the short term. At the same time, some long positions were also passively liquidated at key price levels; although they still maintained a certain degree of resilience, the overall market sentiment showed increased caution and risk aversion.

Former White House communications director Anthony Scaramucci pointed out that the CLARITY Act is running into obstacles, which could leave the 2026 crypto market facing long-term uncertainty. The bill is being blocked mainly due to political factors and resource depletion; in the short term, the regulatory framework will be difficult to implement, affecting market structure. However, he remains optimistic about Bitcoin’s long-term outlook and believes its Future still has upside potential.

2026-04-01 03:00 to 03:15 (UTC), the ETH price saw unusual movement, with a range return of +0.62%. The lowest point of the candlestick was 2088.43 USDT, and the highest point was 2106.93 USDT, with a swing of 0.89%. Against the backdrop of heightened volatility across crypto assets, ETH’s short-term trading activity was active, on-chain interest increased, and market attention rose significantly. The main driver behind this unusual move is that net inflows into U.S. spot ETFs have continued to be amplified. ETF net inflows in early April continued the strong momentum from late March, driving a significant increase in spot demand for ETH.

2026-03-31 16:30 to 16:45 (UTC), BTC recorded a +1.02% return within the 15-minute candlestick timeframe. The price range was 66964.2 - 68012.0 USDT, with a swing of 1.56%. The short-term move has attracted market attention; overall volatility has increased. Funds temporarily flowed toward the long side, and trading activity rose month-over-month. The main driver behind this abnormal move is that exchange order book depth continues to decline, resulting in noticeably weaker liquidity. In this environment, limited buy-side demand is enough to amplify the price reaction, pushing BTC higher quickly in the short term. On-chain data shows,

From 2026-03-31 01:15 to 2026-03-31 01:30 (UTC), ETH recorded a +1.04% return within 15 minutes. The price range was 2039.77 to 2062.77 USDT, with a swing of 1.13%. During this period, market volatility intensified, trading activity surged, and attention to short-term moves increased. The main drivers behind this unusual move are continued inflows of institutional capital via spot ETFs, with buy-side dominance in the Ethereum spot market. On-chain large transfers increased, whale addresses boosted their holdings within a short time, and funds flowed from multiple major exchanges into centralized and decentralized platforms.

2026-03-30 23:00 to 2026-03-30 23:15 (UTC), ETH’s return rate over 15 minutes was -0.59%. The price range was between 2013.89 and 2033.15 USDT, with a swing of 0.95%. During this period, market volatility was significant, attention increased, and it reflected the market’s high sensitivity to short-term abnormal moves. The primary driver behind this abnormal movement is a whale address transferring a large amount of ETH to a certain exchange platform. Specifically, address 0xb5Ab transferred 50,000 ETH for the first time in 9 years, and the market widely interpreted it as a substantial increase in potential sell pressure.

Gate News reported that on March 24, according to HyperInsight monitoring, on March 25, the swing whale address "pension-usdt.eth" holds a large short position with floating losses narrowed to $3.45 million. Specific position details: the address is shorting 500 BTC with 3x leverage at an average entry price of $68,884.2; shorting 30,000 ETH with 3x leverage at an average entry price of $2034.47.

On March 20th, address 0x94d closed out 105 million dollars in BTC and ETH short positions, realizing profits of approximately 1.75 million dollars, then reversed to open long positions. The current long position size has reached 39.4 million dollars with unrealized losses of approximately 10,000 dollars. This address is known for reverse operations and excels at swing trading.