$ETH Whale pocketed $2.7 million from short positions, enjoying the thrill of the market crash.

The market crash brings sadness to many investors, but it's also a time for short sellers to enjoy the joy of victory.

🔸 According to on-chain monitoring data on Jan 30, the famous whale address with the domain PensionUsdtEth executed a move to completely close their short position on ETH.

🔸 With a 3x leverage strategy, this whale perfectly capitalized on the market is recent downturn to net a profit of $2.7 million. This move comes as ETH records a drop of over 6.45%, demonstrating the extreme sharpness of this major player.

Is this a signal that ETH's decline has hit a hard support zone, or simply a capital preservation move ahead of unpredictable volatility?

News is for reference, not investment advice. Please read carefully before making a decision.