Whale "pension-usdt.eth" Locks in $2.39M Profit on 10,000 ETH, Still Holds Equal Position

Major whale “pension-usdt.eth” has just closed a leveraged long position of 10,000 ETH with 3x leverage, securing a profit of $2.39 million as Ethereum surges past $3,330. The move marks a partial profit-taking by the sophisticated trader, who continues to hold an identical 10,000 ETH position with an unrealized gain of $2.34 million and a close-out order set at $3,710.

Position Details: Profit-Taking Amid Rally

The Closed Position

The whale executed the close of its 10,000 ETH long at 50% of the position size, crystallizing $2.39 million in gains. This represents a calculated risk management decision during ETH’s recent rally, which has pushed the token up 6.33% over the past 24 hours and 2.33% over the past week.

The entry price for this position was approximately $3,097.74, meaning the whale captured gains from the current $3,331.06 price level. This profit-taking comes as ETH maintains strong momentum in the market, with 24-hour trading volume reaching $33.35 billion.

The Remaining Position

What’s noteworthy is that pension-usdt.eth has kept an equal-sized position of 10,000 ETH in place, currently showing an unrealized profit of $2.34 million. The whale has set a close-out order at $3,710, suggesting confidence in further upside while maintaining disciplined risk parameters. This dual-position strategy reveals a nuanced approach: locking in gains on one tranche while remaining exposed to potential further appreciation.

Whale Profile: Sophisticated Trader with Proven Track Record

Trading Characteristics

According to recent monitoring data, pension-usdt.eth operates with a fund size exceeding $30 million and employs a high-frequency, large-volume trading strategy focused on capturing opportunities during market volatility. The address has accumulated over $10.23 million in total cycle profits and executed more than $4.5 billion in historical trading volume, establishing itself as one of the market’s more active and successful leveraged traders.

Recent Behavior Pattern

The whale’s current strategy reflects quick tactical adjustments. On January 8, the address closed out a $63 million ETH short position and immediately pivoted to building long positions. This rapid directional shift from bearish to bullish, followed by today’s partial profit-taking, demonstrates the trader’s ability to adapt to changing market conditions and capitalize on momentum shifts.

Market Implications

The whale’s decision to partially close positions while maintaining significant exposure carries several implications. First, it suggests confidence in ETH’s near-term strength but recognition of potential near-term volatility or resistance. Second, the maintenance of an equal-sized position indicates the trader still expects further gains, with the $3,710 target suggesting belief in a potential push toward that level.

The timing is significant given ETH’s recent performance. With the token up 6.82% over the past month and currently trading near $3,331, the whale’s profit-taking at this level appears tactical rather than capitulative. The continued holding of 10,000 ETH worth approximately $33.31 million shows the whale remains substantially bullish on the asset.

Summary

Whale “pension-usdt.eth” has demonstrated disciplined risk management by locking in $2.39 million in profits on 10,000 ETH while maintaining an equally-sized position for potential further gains. This represents a balanced approach to the current ETH rally: securing winnings while staying positioned for continued upside. With a track record of over $10 million in cycle profits and a $30 million+ fund size, the whale’s moves carry weight in the market. The remaining position with a $3,710 close-out order will be worth watching as a potential indicator of where sophisticated traders see resistance or opportunity in the near term.