On-chain data shows pension-usdt.eth is sitting on over $15.86M in unrealised losses across a 1,000 BTC short worth roughly $78.88M and a 20,000 ETH short worth $47.61M. The position has eroded what was once a $33.28M total profit down to $14.73M — a drawdown of more than half in cumulative gains.
The comparison to high-profile short-sellers James Wynn and Machi Big Brother is pointed: both traders built substantial paper profits on leveraged shorts before eventually giving back gains and losing principal. Whether pension-usdt.eth can manage the position or follows the same arc is the live question the market is watching.
Original content
Smart trader pension-usdt.eth is now down over $15.86M on his 1K $BTC($78.88M) and 20K $ETH($47.61M) shorts.
His total profit has dropped from $33.28M to $14.73M.
Can he turn it around, or will he end up like @JamesWynnReal and @machibigbrother — giving back all profits and losing principal too?
https://t.co/3DaK4RUQbL
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