Strategy's competitor, Giant Whale, cleared its BTC and ETH positions, resulting in a loss of $1.86 million from multiple positions

On February 11th, Hyperinsight monitoring showed that Strategy's competitor, Whale Address 0x94d..., simultaneously cleared long positions in BTC and ETH, with a total value of approximately $13.1291 million. Among them, BTC's long position size was previously $29.94 million, and ETH's long position size was $24.13 million. Both positions ended in a loss state, recording a loss of approximately $1.86 million. This address was once known for establishing large-scale mainstream coin short positions in reverse during MicroStrategy's increase in BTC holdings, but was later liquidated at $3113 and saw a significant decline in funds.