「Strategy Counterparty Trade」 Shorted BTC and ETH, Profited $1.75M, Now Long $39.4M

BlockBeats News, March 20, according to Coinbob Popular Address Monitor data, in the past 8 hours, the "Strategy Whales" (0x94d) liquidated all of its $1.05 billion worth of BTC and ETH short positions, realizing a total profit of about $1.75 million.

After taking profit, the address immediately went long, with the BTC price at around $70,500. At the time of writing, its BTC and ETH long positions totaled $39.4 million, with a slight overall unrealized loss of about $10,000.

This address is known for establishing large short positions in major coins during the period of MicroStrategy's (code name MSTR) significant BTC acquisitions in December, preferring contrarian trading to capture gains from both upward and downward price movements and profit from swing trading.