The cryptocurrency whale known as 'pension-usdt.eth' has closed its Bitcoin long positions, securing a profit of approximately $505,000. This move was reported by Coinbob Popular Address Monitoring, which noted that the whale had earlier transferred $30 million to Hyperliquid and established a 1,000 BTC position valued at $67 million at an average price of $67,100 during a brief market dip.
The whale's strategy involves taking substantial positions in Bitcoin and Ethereum with low leverage and short holding periods, averaging around 30 hours. Since October last year, this approach has generated over $23 million in profits. The whale has been channeling its profits into yield-generating markets, with its cumulative lending on AAVE reaching about $22 million.
Whale 'pension-usdt.eth' Nets $505K Profit from $67M Bitcoin Position
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