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On-chain whale BTC long positions harvest $1.4 million, a turnaround story of flipping from shorts
According to on-chain data tracking, the address “pension-usdt.eth” recently completed a dramatic position reversal. This swing trading expert, after suffering a $2.1 million loss from shorting Ethereum, quickly adjusted their strategy to go long.
From Shorting Failures to Long Positioning
The large holder, upon realizing the risks of their short positions, decisively switched trading directions. Using a 3x leverage aggressive approach, they re-entered the market, building a massive position of 1,000 BTC (equivalent to $87.8 million) and 10,000 ETH (with a market value of about $29.6 million). Such a scale of operation has attracted widespread attention on-chain.
Current Profit Performance is Impressive
Since establishing the position, this long setup has achieved over $1.4 million in unrealized gains. Compared to the previous huge loss from shorting, this long operation is undoubtedly a successful stop-loss and rebound. The quick adjustment ability of on-chain traders also reflects the keen market rhythm awareness of professional players.
The entire process clearly demonstrates that timely acknowledgment of mistakes and switching positions are equally crucial in volatile markets.