COINOTAG News, citing LookIntoChain analytics, reports that the DeFi whale pension-usdt.eth has closed an ETH short position roughly one hour ago, recording a loss around $3.4 million. The wallet’s on-chain activity spans nearly 70 transactions to date, contributing to a cumulative profit of about $21.84 million across its history.
This on-chain movement illustrates disciplined risk management within the DeFi ecosystem and highlights how large crypto traders balance hedges with opportunistic trades. Investors and analysts should monitor further on-chain data to gauge the impact on ETH price discovery and liquidity dynamics.
Source: https://en.coinotag.com/breakingnews/defi-whale-pension-usdt-eth-closes-eth-short-after-3-4m-loss-records-21-84m-cumulative-profit
