Whale 'pension-usdt.eth' Closes Entire BTC Short Position, Gains $11.6M in 60 Days

The whale address labeled 'pension-usdt.eth' fully closed its 3x leveraged Bitcoin short position over a 3-hour period on December 5, liquidating over $72 million and recording approximately $660,000 in profit, Coinbob address monitoring shows. The address had partially closed around $21 million at 3:00 AM the same day, after briefly holding the top BTC short position on Hyperliquid with an initial position size of approximately $93.2 million at an average entry of $92,700. The address has been actively swing trading with low leverage and large volumes, averaging a 6-hour holding period this week, and has accumulated $11.67 million in profit since its first position in early October.