BTC's biggest short position "pension-usdt.eth" bets $2.5 million on a long position in crude oil, marking its first crossover into traditional assets.

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Mars Finance News, March 11 — According to Hyperinsight monitoring, the whale focused on crypto swing trading, “pension-usdt.eth” (0x0ddf…), has extended its trading into traditional assets. Last night, this address continuously built long positions in CL (crude oil) around $87. Today, within the past hour, it added another 10,000 contracts (approximately $830,000) at a price of $83.5. As a result, its 2x leveraged long position in CL has reached $2.54 million, with an average entry price of $84.7, currently showing a floating profit of $1,500. Historically, this address mainly operated large positions in BTC and ETH swing trading. It remains the largest on-chain BTC short position. This crude oil long position marks its first foray into RWA traditional assets.

BTC-1.8%
ETH-1.5%
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