"Strategy Counterparty" went heavily short on BTC this morning, and current unrealized profits have expanded to 105%.
BlockBeats News, February 28, according to reports, due to a brief drop in BTC price, the "Strategy Counterparty" address (0x94d) has seen its BTC short position's unrealized profit expand to $880,000, with a floating return rate of 105%.
It is reported that this address opened a new 40x leveraged BTC short position around $65,270 in the early hours today, and increased its position again at 6 a.m. Currently, it is the largest BTC short position on-chain.
This address is known for establishing large-scale mainstream coin short positions in the opposite direction during the period when the listed company MicroStrategy (ticker MSTR) made consecutive large BTC purchases in December. It prefers right-side trading, chasing momentum and reversals, and profits from swing trading.
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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