Major short-seller "pension-usdt.eth" begins to take profit on close to 100 million USD BTC short positions, shifting funds to short ETH.
BlockBeats news, on June 3, according to Coinbob's popular address monitoring, in the past half hour, the largest BTC short seller on Hyperliquid, "pension-usdt.eth," initiated profit-taking. As of this report, a total of 57 BTC have been reduced, with the short position size decreasing to 1,343 BTC (valued at approximately $90 million), and the current unrealized profit is about $3.23 million.
This address used the margin released from closing the BTC short position to open an ETH short position, building the position with 3x leverage. Currently, the position size has risen to $4.6 million, with an average entry price of $1,879, and active order adjustment is still ongoing.
It is reported that this BTC short position was opened on April 1, with no reduction in position during the period. Last night, it turned a profit for the first time, with an average entry price of about $69,423. Previously, the position scale exceeded $100 million.
Address: 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902
At 17:08 (UTC+8), the whale had increased the ETH short position to $7 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US President Donald Trump says was ready to strike Houthis in Yemen, then pulled back
ZAMA gains traction as 24h trading volume surges
Global economy risks fragmentation! Australia bets on AI as a new growth engine
In a potentially more fragmented and unpredictable global economy over the next 40 years, Australia relies on the deployment and development of artificial intelligence (AI) to drive economic growth.
Europe’s aviation fuel “red alert” in the fourth quarter: Shortfall will reach 510,000 barrels/day, South Korea’s exports surge to a four-year high to urgently fill the gap
According to analysts and shipping data, Europe will face a supply gap for aviation fuel in the fourth quarter, even as it turns to distant suppliers such as South Korea. South Korea's aviation fuel exports to Europe in September are set to reach a four-year high.
Crypto prices
More
