'Strategy Counterparty' Rapidly Unwinds Long Positions, Nearly $50 Million in BTC and ETH Longs Fully Closed

BlockBeats News, January 19: According to Coinbob's monitoring of popular addresses, the whale 'Strategy Counterparty' (0x94d3…) conducted a series of intensive sell-offs within approximately half an hour, continuously liquidating its long positions in BTC and ETH. Within a short period, the address cumulatively reduced over 299.5 BTC and 7,361.7 ETH, with a total value of approximately $48.6 million. Following this concentrated sell-off, its BTC and ETH long positions have been almost entirely cleared. Currently, the total assets in its contract account remain around $8.6 million. Earlier this morning, the address had executed stop-loss closures on long positions for the three major cryptocurrencies, recording losses exceeding $15.3 million. Subsequently, the address switched to bottom-fishing with 20x leverage, opening long positions in BTC and ETH, with the related position size once reaching a total of $53 million.