Largest ETH Bearish Trader Holds 50,000 ETH Short Position as Losses Reach $8.31 Million

BlockBeats reported on July 19 that a major Ethereum short seller identified as pension-usdt.eth is holding a 50,000 ETH short position. According to BlockBeats On-chain Detection, the position is valued at about $93.3 million and is currently showing an unrealized loss of roughly $8.31 million. The whale has recorded cumulative historical profits of $35.6 million.