The swing whale"pension-usdt.eth" took profit on half of its BTC short positions and then added to its ETH short positions, bringing the total to $61.4 million.

According to Mars Finance, on March 23, Coinbob's monitoring of popular addresses showed that in the past four hours, the "pension-usdt.eth" address (0x0ddf…) turned its BTC short position into a profit, and subsequently continued to reduce its position to lock in profits, reducing its holdings from $67.5 million to $33.9 million, with the remaining position still showing a floating profit of approximately $500,000. The margin released from the profit-taking was entirely transferred to the still-unprofitable ETH short position, continuously averaging down the cost. The ETH short position size increased significantly from $20.3 million to $61.4 million, with an average price of $2034, and currently showing a floating loss of approximately $440,000. After this portfolio adjustment, this address is now the largest short seller of both BTC and ETH on Hyperliquid. This address typically profits through swing trading, with a strategy primarily based on low leverage, short timeframes (average holding time of approximately 20 hours), and large position sizes in BTC and ETH. Since October of last year, its cumulative profits have exceeded US$27.8 million.