Whale Trader Turns $18M Profit on ETH Short, Now Holds $56M Long Position

A whale trader, known as pension-usdt.eth, has made notable trades on Ethereum (ETH) recently. Yesterday, they shorted ETH with a 2x leveraged position worth $18 million, profiting $910,000 after a sharp price drop. On Dec. 2, the whale switched to a long position with a 2x leveraged long on 20,000 ETH, valued at $56 million, with an entry average price of $2,825.9.