「Strategy Opponent Liquidation」 Close Take-Profit BTC, ETH Short Positions, Reversal to Open $12M Long Position in BTC
BlockBeats News, February 24th, according to Coinbob Popular Address Monitoring, the "Strategy Whale" address (0x94d) today closed all its BTC and ETH short positions to take profit. Specifically, this includes: an ETH short position of $31.74 million opened two days ago, a BTC short position of $13.58 million, and a BTC short position of approximately $40.74 million opened and closed for profit within two hours today.
Subsequently, within the past hour, the address opened a 40x leveraged long position on BTC, with a position size of $11.97 million, an average price of $63,275. Currently, the address still has $11.80 million in unused margin, with a profit of $2.85 million in the past 7 days.
This address started accumulating positions in December last year, with an initial account size of around $20 million, and gradually increased short positions on mainstream coins such as BTC and ETH. Due to its trading direction opposite to the publicly-traded company MicroStrategy, which has been continuously purchasing BTC, this address is seen by the market as a clear "on-chain opponent."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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