While Crypto Rises, One Trader Extends $101M Ethereum Short Position

The global crypto market is showing early signs of recovery, yet the trader known as “pension-usdt.eth” is maintaining a bearish outlook.

About nine hours ago, he increased his short position by another 10,000 ETH (roughly $16.8 million), bringing his total exposure to 60,000 ETH, valued at around $101 million.

The trader is currently on a 22-trade winning streak and has reportedly accumulated more than $45 million in total profits.

Source: Lookonchain