Kit nhtqlth on the crypto arena: how pension-usdt.eth launched a mega position in BTC at $85 million

Data chain on the activity of major players in the crypto market constantly attracts the attention of analysts and traders. The well-known educational portal BlockBeats reported a significant move by a network whale with the address pension-usdt.eth, who launched a large long position on the most influential cryptocurrency, BTC, on December 12.

New Long Position: 1000 BTC with Triple Leverage in December

Based on the monitor of popular wallets from the Coinbob platform, it was registered that the whale pension-usdt.eth began trading with ambitious plans. The trader activated a long position with threefold leverage, accumulating a total of 1000 BTC. Expecting further price growth, he set the average entry price at $86,300 per coin, which amounted to approximately $85 million in total position volume.

At the time of activity registration, the position was in the negative zone. Unrealized loss reached $1.08 million, about 3.8% of the total capital of the position. However, for an experienced nhtqlth trader, such short-term fluctuations are not critical, as his overall strategy is focused on a longer-term horizon.

ETH Position Closed with Losses: Part of a Series of Wins Lost

Interestingly, just two days before this operation, the same trader announced closing a short position on Ethereum (ETH). This move ended his previous strategy but turned out to be unsuccessful financially — losses on this trade amounted to $2.09 million.

This was particularly notable because, prior to this loss, the address pension-usdt.eth had successfully completed a series of 13 consecutive profitable trades. Thus, the long position on BTC was seen as an attempt to recover positive momentum.

Quick Swing Trading Strategy: How nhtqlth Profits from Volatility

A systematic study of this address’s activity revealed a complex trading pattern. The whale regularly conducts short-term swing trades, mainly focusing on major coins BTC and ETH, while managing risks with low leverage in most trades.

The average holding period for a position is about 20 hours, indicating an active short-term trend strategy rather than long-term holding. Over the past 30 days of observation, this trader accumulated a profit of $17.46 million. Narrowing the period to December alone, a net income of $8.54 million was already recorded.

Thus, nhtqlth demonstrates a unique balance between aggressiveness and caution, allowing him to successfully navigate market fluctuations and leverage them for his own purposes.