Strategy opened a $39.4 million long position after closing a short position against the counterparty for a $1.75 million profit.

On March 20, monitoring of a popular address on a certain exchange showed that within the past 8 hours, address 0x94d closed its $105 million BTC and ETH short positions, recording a profit of approximately $1.75 million. After taking profits, the address reversed and opened long positions, with BTC trading at around $70,500 at that time. As of press time, the combined size of BTC and ETH long positions held by this address reached $39.4 million, with a slight unrealized loss of about $10,000 overall. This address is known for establishing large-scale mainstream coin short positions in the opposite direction during MicroStrategy's consecutive BTC purchases, favoring right-side swing trading for position building.