Whale closes a position of 20,000 ETH, earning a profit of $740,000

【Blockchain Rhythm】 On-chain data shows that address 0x0ddf (pension-usdt.eth) recently closed a long position on ETH. This whale completely cleared out 20,000 ETH long positions, with the take-profit price decreasing, cashing out approximately $66.4 million in total, and the profit from the entire long position cycle reaching $740,000.

After closing the position, this account’s ETH longs have been fully liquidated, and the current total assets in the contract account amount to $35.7984 million.

This trader manages over $30 million in funds and is particularly skilled at bottom-fishing and topping in market fluctuations. They employ high-frequency, large-volume trading strategies with a very aggressive style. Historically, their cumulative profit across full cycles has exceeded 10.23 million USDC, with total historical trading volume surpassing 4.5 billion USDC.

This large-scale closing of 20,000 ETH positions reflects that such top-tier traders are adjusting their position allocations. In the current market environment, the movements of large investors often serve as a reference signal for subsequent market trends.