On January 14, monitoring data revealed that the trader known as 'pension-usdt.eth' recorded a $4.55 million unrealized profit on a 20,000 ETH long position as Ethereum's price climbed past $3,300.
The position, leveraged at 3x, was valued at approximately $66.43 million with an average entry price of $3,097.74 per ETH.
Masterclass in Timing
Notably, this same address had just closed a $63 million ETH short position on January 8 before swiftly pivoting strategy to take long positions again.
This sequence of trades demonstrates exceptional market timing skills and has drawn ongoing attention from crypto analysts and traders alike.