A major trader just made a bold call on ETH—Pension-usdt has gone heavily bearish on ether with a full short bias, running 3x leverage on the trade. The scale? Substantial. They're sitting on $30.27M in total equity and have deployed $14.1M capital into ETH short positions. This kind of concentrated directional bet against one of the market's heavyweight assets is worth keeping tabs on, especially given the leverage involved. Big positions like this can sometimes signal shifting conviction among sophisticated traders, whether it's a macro hedge or a tactical market view.