BlockBeats News, January 9th, according to Coinbob Popular Address Monitor, the 「Strategy Whales' Opposite-position」 whale address (0x94d) has begun to continuously reduce its partial long positions, involving multiple coins such as SOL, ZEC, PUMP, HYPE, etc. As of now, the address has closed positions worth about $4 million in total, reducing the total position size to about $352 million, and is still continuing to sell at the time of writing. Among them, all HYPE long positions have been closed.
According to monitoring, the address has currently set up over 200 take-profit orders, planning to completely close long positions in SOL, ZEC, PUMP, and other coins near the current price.
This address started accumulating positions in December last year, with an initial account size of about $20 million, gradually increasing short positions in mainstream coins such as BTC, ETH. As its trading direction is opposite to MicroStrategy, a publicly-listed company continuously buying BTC, the market considers this address as its explicit 「On-chain Counterparty」.
