DeFi Whales BTC Long Position Sees Quick Turnaround in Profit

A notable DeFi investor has made significant gains by liquidating its BTC long position. According to data from Coinbob Popular Address Monitor, the address 'pension-usdt.eth' closed out its position on February 26.

The long position was opened approximately three days prior at an average price of $67,900. Initially, market fluctuations put the investor in a loss-making situation, with losses reaching over $3 million. However, as the market surged, the position turned profitable, prompting the quick liquidation and realization of a profit.

This investor is known for its frequent trading activities, often involving low leverage and short holding periods. Since October last year, the cumulative profit from such strategies has exceeded $24 million.