The prominent Bitcoin short seller known as "pension-usdt.eth" has ventured into traditional assets by placing a significant long order on crude oil. According to HyperInsight monitoring, this whale, identified by the address 0x0ddf, has built a $2.54 million long position in crude oil futures, marking its first move into the traditional asset space. The position, established with 2x leverage, was built at an average price of $84.7 per unit, with recent additions made at $83.5 per unit.
Historically, "pension-usdt.eth" has been known for large-position swing trading in cryptocurrencies, particularly Bitcoin and Ethereum, and is currently the largest on-chain short seller of Bitcoin. This strategic shift to crude oil highlights a diversification in trading strategy, as the address seeks opportunities beyond the crypto market.
Top Bitcoin Short Seller 'pension-usdt.eth' Enters Crude Oil Market with $2.5M Long Position
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