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Whale Trader Flips Long on ETH with $56M Position After Profiting from Short
12/02/2025, 05:36
AI SUMMARY
●Trader pension-usdt.eth opens $56 million long position on ETH
●Move follows a profitable closure of a short position during recent volatility
●Transaction signals renewed bullish conviction from a large market participant
A prominent on-chain trader known as pension-usdt.eth has reversed their market stance, opening a 2x leveraged long position on 20,000 ETH ($56 million). This move followed the closure of a short position that netted approximately $910,000 in profit. The rapid shift in positioning highlights active high-stakes speculation surrounding Ethereum's price action.