BlockBeats News, March 31. According to Coinbob Popular Address Monitoring, the whale address “pension-usdt.eth” (0x0ddf…) of Band Protocol, after realizing a $2.86 million profit from the last shorting round, entered the market again this morning, opening a 3x leveraged BTC short position with a base position of 128 coins, equivalent to around $8.7 million, at an average price of $68,122.
At the same time, the address has been continuously placing multiple sell orders above the BTC price of around $68,021, planning to gradually increase its position. Considering its consistent style of large-scale swing shorting in the past, if this round of positioning is completed as planned, the position size may once again increase to over $60 million.
This address often profits from swing trading, with a strategy focusing on low leverage, short periods (average holding period of about 20 hours), and large positions in BTC and ETH. Since October last year, its cumulative profit has exceeded $30.2 million.
