There's an interesting story. Today at noon, the activity of a whale address drew attention — the account marked as "pension-usdt.eth" suddenly made a big move.

First, it closed its ETH short position, liquidating 30,000 ETH in one go, worth about $88 million. Sounds big, right? But this trade still resulted in a loss of $285,000. Then, even more dramatically, it transferred out all $26,743,000 from its futures account, leaving the account with a zero balance. It seems like it’s trying to completely exit the market.

But what's interesting is that digging into this whale’s recent trading records tells a different story. Over the past 30 days, it has made approximately $14.59 million through swing trading strategies on a major DEX. How does it operate? Low leverage, short cycles — averaging only 23 hours per position, mainly trading short-term fluctuations of BTC and ETH. Since October, its cumulative profit has exceeded $24.78 million.

So, this liquidation might just be a cycle shift, not necessarily a bearish signal. After all, in this swing trading game, knowing when to enter and exit is crucial.