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A major trader is building a long position in BTC worth $85 million
One of the active participants in the cryptocurrency market, identified by the address pension-usdt.eth, has made a significant bet on the rise of Bitcoin’s value. According to monitoring of popular addresses on the Coinbob platform, this major investor has opened a long position with threefold leverage, placing exactly 1,000 BTC into trading. At current prices, this is equivalent to approximately $85 million USD, with an entry price of $86,300 per coin.
Current Position Development
At the time of opening the position in mid-December, unrealized losses amounted to $1.08 million USD, representing -3.8% of the capital. Despite the short-term negative result, such maneuvers are typical for this trader, as they demonstrate consistency in their trading decisions.
Trading History and Success Sequence
Earlier that month, pension-usdt.eth fully closed a short position on Ethereum, resulting in a loss of $2.09 million USD. However, this period marked the end of an impressive streak — the address completed 13 consecutive successful trades, indicating solid strategic preparation.
Trading Tactics and Performance
Activity analysis shows that this market participant specializes in short-term swing trades of main assets — BTC and ETH. The average holding period is about 20 hours, indicating an active short-term approach. Over the past month, this strategy has yielded a profit of $17.46 million USD, with accumulated gains since early December totaling $8.54 million USD.
These figures demonstrate that major market players continue to actively position themselves at this level, adapting to price fluctuations and market conditions.