Interesting position changes on January 21 — on-chain monitoring shows that well-known swing trader "pension-usdt.eth" made a noticeable adjustment in the last hour.

Specifically:

**Reducing position**: BTC long positions are shrinking, currently holding a 5x leveraged long position of 751.87 BTC.

**Opening new position**: Switched to short Ethereum, opening a 3x leveraged ETH short position with a scale of 10,065 ETH.

What does this operation indicate? Moving from long Bitcoin to short Ethereum suggests a reassessment of the recent market structure. While the actions of whales may not predict the entire market, they are definitely worth paying attention to — after all, the position changes of these large holders often reflect their true outlook on short-term market trends. The position change of #2026年BTC价格展望 compared to $BTC might give you some angles for consideration.