Bitcoin Whale pension-usdt.eth Closes 3x Leveraged BTC Short, Liquidates $72M; Profit Reaches $11.67M Since October

COINOTAG News reported on December 5, citing Coinbob’s whale-tracking data that the address pension-usdt.eth exited a 3x leveraged BTC short opened yesterday, liquidating more than $72 million and posting an estimated profit near $660,000. The rapid unwind underscores how high‑leverage crypto trades can magnify risk in a volatile market and highlights the need for disciplined risk controls.

In the same monitoring window, the position was partially closed for roughly $21 million at about 3:00 AM, briefly elevating the address to the top BTC short on Hyperliquid yesterday. The prior short exposure stood around $93.2 million with an average entry near $92,700, signaling a shift toward swing trading with lower leverage.

Since the initial position opened in early October, the trader has pursued swing trades with large orders and an average holding period of about six hours this week, delivering a cumulative profit of roughly $11.67 million. The activity aligns with observed patterns of rapid liquidations in today’s crypto market.