Ethereum Whale Strategy for Entering Short Positions

Recent volatility in the cryptocurrency market continues to attract the attention of investors. In particular, changes in the price of Ethereum (ETH) have prompted experienced investors to reconsider their strategies. The wallet known as ‘‘pension-usdt.eth’’, recognized as a smart investor and having earned over 25 million dollars in profits to date, has recently made significant position changes.

On-chain data shows that the mentioned investor has closed their long position on Ethereum and switched to a short position. According to data provided by Lookonchain, this investor closed their existing long position with a profit of 278 thousand dollars. Subsequently, analyzing the market movements in the region, they began to adopt a more cautious strategy and opened a short position of 20,000 ETH with 3x leverage. The total value of this position was determined to be approximately 58.44 million dollars.

The investor's past high hit rate draws attention and indicates that they are preparing for a downward scenario for Ethereum in the short term. The closing of the long position at a profit and immediately opening a short position suggests that the investor finds the current price levels sufficient. This situation can be considered an important signal for market participants.

Investors need to pay close attention to these developments. Fluctuations in the price of Ethereum and the strategies of large wallets provide important clues about which direction the market will move. Especially high-volume short positions may signal potential declines.