The "Strategy Counterparty Play" fully liquidated a $40 million long position in crude oil, switching from a hedged position to unilaterally shorting the crypto market.

BlockBeats News, April 7th, according to Hyperinsight monitoring, after Brent crude oil rebounded to above $110, the "Strategy Whale" (0x94d) fully closed the BRENTOIL long position in the $80 million "long oil short BTC" portfolio, which had a previous scale of $39.5 million, an average entry price of $100.8, and realized a profit of $3.71 million.

After closing the long oil position, the address released part of the margin to increase its short BTC position with 40x leverage, raising the position size to $49.92 million, with an average price of $69,137 and an unrealized profit of $0.42 million (34%).

It is reported that the hedge portfolio was opened on April 1st, when BTC had just briefly exceeded $69,000, while both the U.S. and Brent crude oil had fallen below $100. Today's closing may indicate a judgment that the upside potential of oil has become limited, shifting from a position that bet on escalating geopolitical conflicts to unilaterally bearish on the crypto market.