Whale Bets Against the Trend, Maintains Bearish ETH Stance
At a time when the cryptocurrency market is showing tentative signs of recovery and stabilization, on-chain monitoring data reveals a counter-intuitive move. The prominent wallet address tagged as pension-usdt.eth is not shifting with the prevailing sentiment but is instead reinforcing its short position amid the bounce.
Major Position Increase: Shorts Now Total 60K ETH
According to the latest on-chain analysis report, approximately nine hours ago, this address executed a transaction adding another 10,000 ETH to its short holdings. At current market prices, this new position is valued at around $16.8 million.
Following this move, the total ETH short position held by pension-usdt.eth has risen to 60,000 ETH. Based on the current ETH price, the total value of its bearish bets now exceeds the $100 million mark, standing at approximately $101 million.
A Stunning Track Record: 22 Consecutive Winning Trades
What is most striking to market participants is the address's recent trading performance. Data indicates that pension-usdt.eth has successfully secured profits in 22 consecutive trades without a single loss.
Through this series of precise maneuvers, the trader has accumulated total profits surpassing $45 million. Such a high win rate is exceptionally rare in the volatile crypto markets and underscores the whale's acute ability to time market movements and direction.
Market observers note that this behavior of adding to a short position during a rebound typically signals a strong bearish conviction about the market's subsequent trajectory. Its consistent profitable record also makes its future actions a significant indicator for the broader market.