'Strategy Counterparty' Stops Out $13 Million BTC and ETH Long Positions, Recording a Loss of Approximately $1.86 Million

BlockBeats news, February 11, according to monitoring by Hyperinsight, the whale 'Strategy Counterparty' (0x94d…) executed a synchronized liquidation of its BTC and ETH long positions, with a total closed value of approximately $13.1291 million. This includes: a previously held BTC long position worth $29.94 million and an ETH long position worth $24.13 million. Both positions ended in a loss, recording a total loss of approximately $1.86 million. This address is known for establishing large-scale short positions in major cryptocurrencies during the period when the publicly listed company MicroStrategy (ticker MSTR) was continuously making significant BTC purchases in December. It once became the largest BTC short position on Hyperliquid with a holding size of $120 million but suffered a $3,113 liquidation while going long, leading to a significant decline in funds.