Bitcoin Whale ‘pension-usdt.eth’ Expands BTC Short to $93M with 3x Leverage, Tops Hyperliquid BTC Short Positions

COINOTAG News, December 4, according to Coinbob Popular Address Monitor, a whale labeled pension-usdt.eth boosted its BTC short exposure with 3x leverage, lifting notional to about $60 million. The short position sits at $93.2 million, with an average entry price of $92,700 and a floating loss of about $460,000 (1.4%). The trader ranks first in BTC shorts on Hyperliquid, signaling hedging by large-cap players.

At 0:00 today, the address partially closed a breakeven BTC short around $60 million, then added to the position this morning. The account shifted toward swing trading with lower leverage and large orders, averaging 8 hours in position this week, with a monthly profit of about $6.6 million.

This activity underscores liquidity dynamics in the Bitcoin market and the role of large traders on platforms like Hyperliquid, where downside exposure is managed. Readers should monitor risk metrics related to leverage and position turnover as volatility persists.