Strategy's counterparty quickly and intensively reduced its long positions, closing out nearly $50 million worth of BTC and ETH long positions.

According to Mars Finance, on January 19th, Coinbob's monitoring of popular addresses showed that a whale(0x94d3…) acting as a counterparty to Strategy conducted a series of intensive selling operations within about half an hour, continuously clearing its long positions in BTC and ETH. This address sold over 299.5 BTC and 7361.7 ETH in a short period, totaling approximately $48.6 million. After this concentrated selling, its BTC and ETH long positions are essentially cleared. Currently, its total assets in its contract account remain at approximately $8.6 million. Earlier today, this address had executed stop-loss orders on its long positions in the three major cryptocurrencies, recording a loss of over $15.3 million. Subsequently, the address used 20x leverage to buy the dips at the bottom, with its related positions once reaching a total of $53 million.