Ethereum breaks through $3,300, with $60 million whale positions shifting from short to long, already realizing a profit of $4.55 million.

【Blockchain Rhythm】After Ethereum surpassed $3,300, on-chain data detected an interesting transaction.

The famous whale “pension-usdt.eth” with a 3x leverage long position has been quite active—holding 20,000 ETH worth approximately $66.43 million, currently with an unrealized profit of $4.55 million. The cost basis for this position was $3,097.74, indicating that the whale started accumulating at lower prices, and now the paper profits are steadily increasing.

Interestingly, this whale recently changed its strategy. Its $63 million ETH short position was finally liquidated on January 8th, and it closed the position immediately. Just a few days later, it shifted to a long position.

This switch from short to long reflects a change in the whale’s outlook on the market. The previous short position was held for a long time, but now it has decisively turned around and increased its long leverage. The movements of such large players often serve as a signal of a shift in market sentiment.