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Whale Mutation Strategy: Close $278,000 ETH long positions and switch to 20,000 short positions for sniping
【Chain News】On-chain data tracker Lookonchain has discovered that an active trader with the nickname pension-usdt.eth recently made a major move.
This trader’s account has a historical profit exceeding $25 million, and this time he completely reversed course—from long to short.
What exactly did he do? First, he closed his ETH long positions, earning $278,000 from this move. But that’s not the end of the story. Immediately afterward, he went short on 20,000 ETH with 3x leverage, involving a total position value of up to $58.44 million.
From chasing the rally to looking for a decline, such a 180-degree strategic shift often reveals some market players’ short-term outlook. For traders paying attention to whale movements, changes in large holders’ positions are indeed worth monitoring.