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Whale closes ETH position and switches to BTC with 3x leverage long, with position size surpassing $69 million
【Blockchain Rhythm】A well-known on-chain address has acted again. On January 16th, monitoring data shows that in the past 2 hours, the whale named “pension-usdt.eth” directly closed all ETH long positions, harvesting approximately $740,000 in profit. However, they didn’t rest — they immediately opened a BTC long position with 3x leverage, with the current position size reaching $69 million and an entry average price of $95,600. More notably, as of press time, this whale is still continuously adding to its position. Based on their holding habits over the past few months, this position is likely to eventually surpass $80 million.
This whale’s trading style has always been very steady — low leverage, quick in and out. BTC and ETH are the main trading assets, with an average holding period of about 23 hours. Over the past few months since October, they have accumulated profits of over $21 million. After making money, they don’t hoard coins but instead continuously channel profits into yield markets. Data shows that this whale has lent approximately $26.71 million on AAVE, seemingly using DeFi to further activate their funds.