BlockBeats News, February 24 — According to Coinbob’s popular address monitoring, the “Strategy Opponent” whale address (0x94d) today closed all its open short positions in BTC and ETH to take profits. Specifically, it closed a $31.74 million ETH short and a $13.58 million BTC short that were opened two days ago, as well as a short position of approximately $40.74 million in BTC that was established briefly and closed within two hours for profit.
Subsequently, within the past hour, this address reversed its position and opened a 40x leveraged long position in BTC, with a holding size of $11.97 million, at an average price of $63,275. Currently, the address still has $11.8 million in unused margin, with a profit of $2.85 million over the past 7 days.
This address began building its position in December last year, starting with an initial account size of about $20 million. It gradually increased its short positions in major cryptocurrencies like BTC and ETH. Due to its operational direction being opposite to that of the publicly listed company MicroStrategy, which has been continuously buying BTC, the market views this address as its clear “on-chain counterparty.”
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