Whale Exits BTC Long and Initiates Massive Short Position
According to Coinbob's address tracking data, on the early morning of March 4, the well-known whale address 'pension-usdt.eth' fully closed its leveraged BTC long position, realizing a profit of approximately $346,000. Immediately after, the address turned bearish and opened a large BTC short position valued at $68.2 million.
The newly established short position consists of 1,000 BTC at an average price of $68,182, using 3x leverage. This move once again demonstrates the address's characteristic swing trading behavior.
Key Traits of the Trading Strategy
The address has long been recognized for its systematic trading style, featuring:
- Low Leverage: Typically operates with 2x to 3x leverage to manage risk exposure.
- Short-Term Holding: Average holding period is around 20 hours, enabling quick market entry and exit.
- High-Volume Positions: Focuses on BTC and ETH with substantial position sizes.
Consistent Profits Exceed $25.4 Million
Since October last year, this trader has accumulated profits exceeding $25.4 million through consistent execution of its strategy. Its performance has drawn significant attention within the on-chain analytics community.
Analysts noted that while the whale’s approach offers insights for retail traders, its capital scale and market impact are vastly different from average participants, requiring careful adaptation based on individual risk profiles.