"Strategy Opponent Position" closes BTC and ETH short positions for profit, and reverses to build a $12 million BTC long position

GateUser-6433627c · 2026-02-24T10:48:01+00:00

On February 24th, the "Strategy Counterparty" whale address (0x94d) closed all its BTC and ETH short positions to take profits and simultaneously opened a 40x leveraged BTC long position, with a position size of $11.97 million. This address has been gradually increasing its holdings since December of last year, with a seven-day profit of $2.85 million.

GateUser-6433627c

2026-02-24 10:48:01

Abstract generation in progress

On February 24, according to Coinbob’s popular address monitoring, the “Strategy Opponent” whale address (0x94d) closed all its BTC and ETH short positions today to take profits. Specifically, it closed ETH shorts worth $31.74 million and BTC shorts worth $13.58 million that were opened two days ago, as well as a short position of approximately $40.74 million in BTC that was established briefly and closed within two hours for profit. Subsequently, within the past hour, the address reversed and opened a 40x leveraged BTC long position with a holding size of $11.97 million, at an average price of $63,275. Currently, the address still has $11.8 million in unused margin, with a profit of $2.85 million over the past 7 days. The address started building positions in December last year, with an initial account size of about $20 million, gradually increasing holdings in BTC, ETH, and other mainstream coins’ shorts. Since its operational direction is opposite to that of the listed company MicroStrategy, which continuously buys BTC, the market views this address as its clear “on-chain counterparty.”

BTC2.7%

ETH3.35%

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