A well-known on-chain address pension-usdt.eth recently completed a notable position adjustment. The account first closed its Ethereum long position with a profit of approximately $739,400 and then immediately initiated a new deployment.

The new move is quite straightforward—it directly opened a Bitcoin long position. The most noteworthy aspect here is the strategic detail: it used 3x leverage, but the position size is relatively restrained. Specifically, the account currently holds 1,000 Bitcoin, with a current nominal value of about $95 million.

This transition from closing a position on Ethereum to building a position on Bitcoin, combined with moderate leverage, reflects this major holder's balance between risk control and opportunity capture. Especially in the current Bitcoin market environment, such a position size and leverage configuration are generally seen by market participants as an important directional signal.