Source: Coinomedia Original Title: Trader Flips Bullish with $56M Ethereum Long Bet Original Link:

Trader Secures $910K from ETH Short, Opens $56M Leveraged Long

Ethereum’s price action has caught the attention of traders once again, especially after the dramatic shift by a well-known address: pension-usdt.eth. This seasoned crypto trader just made a bold switch from shorting to longing Ethereum — and the numbers are massive.

After successfully closing a short position on ETH, pension-usdt.eth walked away with $910,000 in profit. Rather than taking a break or reducing risk, the trader flipped directions entirely. Their next move? Opening a 2x leveraged long position on 20,000 ETH, currently worth about $56 million.

A Calculated Bet on Ethereum’s Upside

The decision to go long right after a profitable short signals the trader’s confidence in Ethereum’s near-term upside. This isn’t just a minor position — a 20,000 ETH long, especially with 2x leverage, indicates a strong conviction in an ETH rally.

Given the timing, it’s likely the trader expects a shift in market momentum or has insight into a potential catalyst for Ethereum’s price rise — whether that’s related to macroeconomic trends, crypto ETF approvals, or upcoming Ethereum network developments.

Market Watching the Whales

Moves like this often create waves across crypto trading communities. Traders and analysts alike will now be watching Ethereum’s price action closely, especially if other whales follow suit. Pension-usdt.eth’s past profitable trades have earned them credibility — making this long position a possible bullish signal for Ethereum.

Still, leveraged positions come with risk. If the price of ETH moves against this position, losses could escalate quickly. For now, though, the market seems to have gained a confident Ethereum bull.