A few days ago, when I started tracking the address pension-usdt.eth, I noticed an interesting movement. When Bitcoin went over $66,000, this address closed all its long positions, then when the price approached $69,000, it started opening shorts. Currently, with 3x leverage, it holds approximately 410 Bitcoin in short positions, with a total position value of around $28 million. The liquidation level has been set at $147,000. The entry price is also $69,300.

The most interesting part is that this address keeps increasing its position continuously. It seems very confident that Bitcoin will remain in a downward trend. When I download and analyze such large positions, these kinds of moves are usually either very accurate or very wrong. There are different opinions in the market right now about which direction Bitcoin will go. Some analysts point to rising staking ratios, while others mention technical levels.

It is important to keep closely monitoring the movements of this address. Such large positions often carry significant signals in the market.