From Shorting to Longing: $56 Million Ethereum Position Shows Confidence in Price Surge

A prominent crypto trader, known as pension-usdt.eth, has made a bold move, transitioning from shorting Ethereum to entering a massive long position worth $56 million. After securing a substantial $910,000 profit from their successful short sale on ETH, the trader embarked on a 2x leveraged long on 20,000 ETH. This significant shift highlights the trader’s confidence in Ethereum’s near-term price potential.