A whale known as pension-usdt.eth holds an $𝟴𝟱𝗠 ETH short opened at $𝟭,𝟳𝟬𝟬 average entry — now underwater by $𝟵.𝟴𝗠 as ETH recovers roughly $200 above entry. The position has been open for over two months, meaning the sell pressure was already absorbed. The real risk now is forced covering: if ETH continues higher, this wallet may need to buy back, adding fuel to a short squeeze. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: An $85M short sitting at a $9.8M unrealized loss is exactly the kind of underwater position that cascades into a squeeze. The longer ETH holds above $1,900, the more pressure builds on this trader. A close would be a bullish catalyst — watch the wallet for covering activity. ETH has been recovering despite the overhang from this massive short, suggesting underlying demand is absorbing the sell pressure. If price pushes toward the $1,950–$2,000 zone, the squeeze risk intensifies materially. https://arkm.com/explorer/address/0x0Ddf9bAe2aF4B874B96D287a5aD42Eb47138A902 source: arkham Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=2003(Hupzy (Spot On Chain))