Crypto Trader pension-usdt.eth Opens ENA Long Days After Losing $23.9M on ETH Short

Onchain trader pension-usdt.eth has returned to leveraged trading after losing $23.9 million on a major Ethereum short position last week.

According to blockchain analytics platform Lookonchain, the trader has now opened a 2x long position on 300,000 ENA, worth about $43,800. Before making the trade, the wallet claimed $25,920 in rewards.

The comeback follows a costly liquidation on Aug. 20. The trader had shorted 50,000 ETH, a position worth about $106 million, but the entire trade was liquidated.

Pension-usdt.eth was previously known for a 23-trade winning streak and had made $49 million in profits, according to Lookonchain.

Source: Lookonchain