Smart Money Whale Bets $88M Against Bitcoin and Ethereum

Edgen Crypto

·Mar 11 2026, 11:04

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Key Takeaways

A single 'smart money' wallet address, identified as pension-usdt.eth, has established a significant bearish position against the crypto market's two largest assets. This move is drawing attention due to the trader's highly successful track record, potentially signaling a downturn.

A prominent on-chain address holds a combined short position of $87.6 million against Bitcoin (BTC) and Ethereum (ETH).
The trader has an 85% win rate on past trades, having realized approximately $27 million in profit since March 2024.
The specific positions include a short on 1,000 BTC and 8,950 ETH, indicating a strong conviction in falling prices.

Whale Places $87.6M Short Bet on BTC and ETH

A 'smart money' address, pension-usdt.eth, has accumulated a substantial short position totaling nearly $88 million against Bitcoin and Ethereum. According to on-chain analysis platform Lookonchain, the wallet is currently short 1,000 BTC, valued at approximately $69.55 million, and 8,950 ETH, valued at around $18.07 million. This large-scale bet against the market leaders represents a significant bearish stance from a closely watched market participant.

Trader’s 85% Win Rate Signals High Conviction

The credibility of this bearish position is reinforced by the wallet's historical performance. The entity behind pension-usdt.eth has achieved an 85% win rate, realizing approximately $27 million in profit from 12 successful trades since March 1, 2024. Such a consistent track record often leads other market participants to view their actions as a leading indicator, potentially increasing downward pressure on BTC and ETH as others may follow their strategy or de-risk their own portfolios.