Strategy counterparty BTC long position stopped out, with a loss of approximately $250,000

On March 27, Hyperinsight monitoring showed that address 0x94d3…96F237 closed a 40x leveraged BTC long position, with a closing average price of approximately $68,308, resulting in a loss of around $249,800. The maximum size of this long position reached 439.9 BTC (about $30.3 million), which has now been stopped out and exited. The address has opened a BTC short position with a base size of about $500,000 at an average price of $67,923. In addition, this address holds a 20x leveraged Brent crude oil long position worth $25.74 million, with an average price of $98.64 and an unrealized profit of $1.16 million (34%).