After closing its short positions, "Strategy's counterparty" opened long positions in ten major cryptocurrencies and has already generated floating pr...
AI Summary2 min read
TL;DR
A whale address known as 'Strategy counterparty' closed over $240 million in short positions and opened $356 million in long positions across ten major cryptocurrencies, including BTC and ETH with 15x leverage, generating unrealized profits.
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BitcoinLayer 1Halving TokensEthereumXRPSmart Contractscryptocurrencywhale addresslong positionsBTCETH
According to Mars Finance, on January 9th, Coinbob's hot address monitoring showed that the "Strategy counterparty"whale address (0x94d) established long positions in ten cryptocurrencies in the early hours of the morning. As of now, its total long positions have reached $356 million, primarily in BTC and ETH long positions with 15x leverage, each holding $137 million. Around 7:00 AM today, this address significantly reduced its SOL long positions by approximately 165,000 coins (approximately $23.2 million), decreasing its SOL long position from $54 million to $30.7 million. The main long positions are as follows: 15x BTC long positions: approximately $137 million in holdings, average price $90,600, unrealized profit of $680,000; 15x ETH long positions: approximately $137 million in holdings, average price $3,104, unrealized profit of $660,000; 20x XRP long positions: approximately $40.3 million in holdings, average price $2.11, unrealized profit of $290,000; 20x SOL long positions: approximately $30.7 million in holdings, average price $135, unrealized profit of $870,000. Last night and this morning, this address closed all its short positions in six major cryptocurrencies, totaling over $240 million. The BTC short positions closed exceeded $140 million, resulting in a profit of approximately $3.26 million. This address was previously the largest short seller of BTC on the Hyperliquid platform. This address began building its position in December of last year, with an initial account size of approximately $20 million. It then gradually increased its short positions in major cryptocurrencies such as BTC and ETH. Because its trading strategy was opposite to that of MicroStrategy, a publicly listed company that had been continuously purchasing BTC, this address was regarded by the market as its clear "on-chain counterparty".