Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
On-chain data has traced an interesting signal — the well-known whale account pension-usdt.eth's recent trading logic is quite clear: first closing all Ethereum short positions, then quickly establishing a 3x leveraged ETH long position.
This new long position amounts to $12.63 million, with an entry average price of $3,097.07, and a current mark price of $3,099.9 — what does this rapid shift in stance reveal? Clearly, this major player has turned from bearish to bullish on Ethereum in the short term. Not only has the direction changed, but leverage has been used to increase the position, indicating a strong betting stance.
Changes in large fund positions like this often reflect the market participants' true judgment of the trend. While it’s not possible to follow blindly, paying attention to the movements of such whale accounts indeed helps understand the flow of big funds and the shift in market sentiment. The future trajectory of this long position is worth continued observation.