Smart money turns bearish with a large short position in Bitcoin

According to PANews, monitoring from Lookonchain reveals that the entity known as 'pension-usdt.eth' has changed its strategy from bullish to bearish. The entity has opened a short margin position on 1,000 BTC, valued at 89.6 million dollars. This move comes after a series of seven consecutive profitable trades, with total profits exceeding 22 million dollars.