An important Ethereum chain address, identified as ‘pension-usdt.eth’, significantly increased its ETH borrowing position on February 6th, demonstrating a short quote in the context of a global bullish market. Chain monitoring tools, including HyperInsight and BlockBeats analyses, highlighted this deliberately contrarian strategy to market movements.
Updated data reveal that this whale maintains a tenfold short exposure, totaling $53.73 million, with a reserve of 27,104 locked ETH tokens. This short quote movement, carried out during a phase of recovery in traditional financial markets, suggests a different anticipation of Ethereum prices compared to the overall observed trends.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
An Ethereum whale amplifies its bearish exposure despite market recoveries
An important Ethereum chain address, identified as ‘pension-usdt.eth’, significantly increased its ETH borrowing position on February 6th, demonstrating a short quote in the context of a global bullish market. Chain monitoring tools, including HyperInsight and BlockBeats analyses, highlighted this deliberately contrarian strategy to market movements.
Updated data reveal that this whale maintains a tenfold short exposure, totaling $53.73 million, with a reserve of 27,104 locked ETH tokens. This short quote movement, carried out during a phase of recovery in traditional financial markets, suggests a different anticipation of Ethereum prices compared to the overall observed trends.