BlockBeats message, April 1, according to Coinbob’s monitoring of popular addresses, after the swing whale address “pension-usdt.eth” (0x0ddf…) opened a 3x leveraged BTC short position base earlier this morning, it added approximately 250 more BTC short contracts within the past hour, worth about $17.28 million, further increasing its position size to $51.8 million. The average entry price moved up from $68,121 to $68,389, and its current unrealized loss is about $570,000 (-3.3%).
At present, the address still has remaining margin of up to $19.55 million, and still has ample room to average down. Based on its past trading habits, this whale has previously tended to build the BTC short position size to around 1,000 BTC in order to complete its entry.
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