BlockBeats News, February 24 — According to Coinbob’s popular address monitoring, the “Strategy Opponent” whale address (0x94d) today closed all its open short positions in BTC and ETH to take profits. Specifically, it closed a $31.74 million ETH short and a $13.58 million BTC short 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, this address reversed its position and opened a 40x leveraged long position in BTC, 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.
This address began building its position in December last year, starting with an initial account size of about $20 million. It gradually increased its short positions in major cryptocurrencies like BTC and ETH. Due to its operational direction being opposite to that of the publicly listed company MicroStrategy, which has been continuously buying BTC, the market views this address as its clear “on-chain counterparty.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Price Prediction: Ripple Trades Below Key Moving Averages as the 20 Millionth Bitcoin Approaches and Pepeto Targets 267x Returns
Grayscale confirmed the 20 millionth Bitcoin will be mined in March 2026, leaving only 1 million BTC left to ever exist, and when 95% of a finite asset is already circulating, the scarcity narrative reshapes how every trader thinks about value.
The xrp price prediction shows Ripple at $1.37 b
CaptainAltcoin1h ago
The Origin Story of Sunny Lu: From a 100 BTC Scam to Building VeChain
VeChain’s Sunny Lu got into crypto after losing $300 on an unsuccessful 100 BTC purchase on Taobao, which led him to research Bitcoin.
Later, Lu used blockchain to track supply chains and launched VeChain in 2015 to target verification and enterprise applications.
The crypto journey of Sunny
CryptoNewsFlash2h ago
