Bitcoin’s (BTC) Whale is down $13 Million now that the BTC rate has recovered by about 40% from February’s lows. The trader is still holding on to the short position.
The key takeaways
- A person who is known as “pension-usdt.eth” Short 1,000 BTC, worth around $81 Million using 3x leverage.
- Kalshi bettors have now assigned a 50% likelihood that BTC could reach $100,000 in 2026.
BTC hitting $100,000 could liquidate nearly $81,000,000
According to the data collected by, the trader goes by the name ‘pension.usdt.eth’ and is currently short 1,000 BTC worth approximately $81.06 Million, using a 3x leverage. HypurrScan.IO.
BTC had a value of $67,990 at the time that this position with an exposure of more than $80.87million was taken. The cryptocurrency was trading at $67,990 on Tuesday. risen to around $81,000–$82,000The short position is now just $13 Million shy.
BTC and ETH Short Positions of Pension-usdt.eth on May 12. Source: HypurrScan.IO
The trader holds an Ether short position of about 46.1 million dollars, totaling more than 127 million dollars.
Although the loss is still unrealized, funding both BTC short and ETH long positions added more than $125,000.
Pension-usdt.eth had previously won 20 consecutive games and had a winning rate of over 85%. said Lookonchain’s April blog post explains the data resource.
The trader is still a trader confirmed That he is “still short,” This is what you should know “the trade makes sense.”
Source:
Bitcoin is showing signs that it may be about to rise. upside exhaustion near a strong resistance confluence. The 200-day moving average (200 SMA) is the blue line. It also includes the upper border of the rising wedge pattern. Both are located around $82,430.
BTC/USD chart. TradingView
The odds of Bitcoin falling towards its measured target, which is around $71,500, will be increased if the wedge pattern can be resolved successfully. If this happens, the trader’s unrealized losses on 1,000 BTC would be reduced to approximately $3.5 million.
Crypto Kid, an analyst at Crypto Kid, also stressed the fact that historically a decline from the SMA of 200 days has signaled a prolonged bear market.
“The last two times this retest occurred at the same point in Bitcoin’s four-year cycle, we dropped an average of 68%,” He said In a post on Monday.
BTC/USD chart. TradingView
If the BTC was to be reduced by a similar amount, it would bring its price below $30,000 and turn pension-usdt.eth’s trade into an approximate profit of $38 million.
Analysts state that Bitcoin’s current structure does not resemble previous bear markets
Some analysts claim that Bitcoin is no longer in a bear-market environment.
Expert CRG noted Bitcoin failed to close a daily above the Ichimoku Cloud during the bear cycle of 2022. This zone serves often as dynamic resistance and support during downtrends.
BTC/USD chart. Source: TradingView/CRG
BTC’s ultimate breakout above cloud signaled the start of the a “new bull market.”
BTC had already traded above the cloud daily since May. This is a positive for CRG as it weakens its bearishness in comparison to the previous cycle.
BTC/USD chart. Source: TradingView/CRG
Pierre Rochard is the CEO of The Bitcoin Bond Company. echoed Similar views are expressed by those who believe that the current bear markets has caused a decline in stock prices. “materially decoupled from past cycles.”
Bitcoin’s decline, from its all-time highs down to the cycle lows. Source: Pierre Rochard
Rochard wrote in a post on Tuesday that Bitcoin’s relative power is likely due to a combination ETF flows and the continued accumulation of Bitcoin treasury firms such as Strategy.
Related: Bitcoin price eyes $96K as institutions absorb 500% of daily BTC supply
Kalshi, an online prediction platform, now gives bettors a 50% probability that Bitcoin could reach $100,000 in 2026.
Bitcoin Price Targets for 2026 Source: Kalshi
If the BTC value reaches $108,10, Pension-usdt.eth’s Bitcoin position of $81 million will be fully liquidated.
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Source: cointelegraph.com
