Significant Bitcoin Accumulation Observed by Notable Ethereum Address

On March 2, a notable Ethereum address, 'pension-usdt.eth,' has been actively accumulating Bitcoin using a threefold leverage strategy. According to BlockBeats On-chain Detection, the address began its accumulation when Bitcoin was priced around $65,691. The current position has reached 291 BTC, valued at approximately $19.2 million, with further accumulation ongoing. The address is known for its profitable trading strategy, which involves low leverage and short-term positions, typically lasting around 20 hours. It primarily focuses on large-scale operations in Bitcoin and Ethereum. Since October of last year, the address has reportedly achieved profits exceeding $20 million.