Whale Investor Opens Significant Short Position on Ethereum

According to BlockBeats On-chain Detection, a prominent investor labeled as 'Pension Fund' has opened a substantial short position on Ethereum (ETH) following a price surge past $4,200. Utilizing a 2x leverage, the investor executed a short sale of 10,000 ETH, amounting to over $41 million. This investor is known for initiating short positions during overheated market conditions, particularly at critical ETH price points. Despite incurring a loss of $3.41 million from previous long positions over the past week, the investor maintains a historical short position success rate of 100%. The investor's strategy involves both high-frequency probing and swing trading, with an average holding period of approximately seven hours. Notably, after transferring $30 million last week, the investor engaged in intensive trading within 72 hours, demonstrating a clear and strategic approach to fund allocation.