'Strategy Counterparty' Closes BTC and ETH Short Positions for Profit, Opens $12 Million BTC Long Position

BlockBeats News, February 24, according to Coinbob's popular address monitoring, the whale address 'Strategy Counterparty' (0x94d) has closed all its BTC and ETH short positions for profit today. Specifically, this includes: a $31.74 million ETH short position opened two days ago, a $13.58 million BTC short position, and a $40.74 million BTC short position that was briefly opened and closed for profit within two hours today. Subsequently, within the past hour, the address reversed its position and opened a 40x leveraged BTC long position with a position 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 seven days. This address began building positions in December last year, with an initial account size of approximately $20 million. It gradually increased its short positions in major cryptocurrencies like BTC and ETH. Due to its trading direction being opposite to that of the publicly listed company MicroStrategy, which has been continuously purchasing BTC, this address is regarded by the market as MicroStrategy's clear 'on-chain counterparty.'