On-chain data tracking revealed an interesting signal — the renowned whale account pension-usdt.eth recently demonstrated clear operational logic: first liquidating all Ethereum short positions, then immediately establishing a heavily leveraged 3x ETH long position.

The new long order reached a scale of $12.63 million, with an average entry price of $3,097.07 and a current mark price of $3,099.9 — what information does this swift shift in stance reveal? Clearly, this major trader's outlook on Ethereum's short-term price action has shifted from bearish to bullish. Not only changing direction but also employing leverage for position building, indicating substantial conviction behind this bet.

Position changes by large capital players often reflect genuine market assessments from participants. While one shouldn't blindly follow, monitoring such whale account dynamics can genuinely help understand large capital flow logic and shifts in market sentiment. The subsequent trajectory of this long position is worth continued observation.