Strategy Shift for pension-usdt.eth: Long to Short Transition of 28.44 Million Dollar BTC Position

MoonMathMagic · 2026-03-23T16:13:02+00:00

The wallet pension-usdt.eth shifted its strategy from long to short positions, influenced by Bitcoin's price movements. It closed all long positions at $66,200 and established a short position at around $69,334, showing cautious market sentiment amidst rising risks.

MoonMathMagic

2026-03-23 16:13:02

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According to ChainCatcher and Hyperinsight’s joint monitoring, the large holder of smart contract assets, pension-usdt.eth, has executed a major position restructuring. The wallet has shifted its strategy from long to short following Bitcoin’s price movements, drawing attention among market participants.

Closing Long Positions During Bitcoin Price Recovery

pension-usdt.eth closed all its long positions when Bitcoin recovered to $66,200. This timing is seen as a strategic profit-taking move, capitalizing on the short-term rebound. Afterwards, the wallet continued to observe the market, and after rising to $69,134, prepared for new maneuvers.

Strategy Shift from Long to Short and Current Position Details

After closing its long positions, pension-usdt.eth began building a short position around $69,334. Currently, the wallet is short 410 Bitcoin with 3x leverage, with a position value of $28.44 million. This shift from long to short indicates a cautious outlook on the market’s rise and a response to potential downside risks.

Stop-Loss Risks and Future Position Trends

The current forced stop-loss price for the short position is set at $147,679. The wallet continues to increase its positions, suggesting an intention to strengthen the short strategy. Managing risks is crucial if the market experiences a significant rebound. With Bitcoin trading near $70.23K, the actions of this large investor could influence market sentiment.

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