Whale turns from long to short: a single week earning $25 million, what does this address indicate

Strategy counterpart has completed a key strategic shift in the past two hours. This whale address, considered as MicroStrategy’s “on-chain counterpart,” closed all long positions on XRP, ETH, BTC, SOL, and HYPE for profit, and immediately opened 20x leveraged short positions on BTC, SOL, and ETH. More notably, the overall position of this address has nearly $25 million in profit within a single week, with a win rate of 59.32%.

Key Information on the Strategy Shift

From long to short closing actions

According to Hyperbot data, the Strategy counterpart completed the following operations two hours ago:

• Closed all long positions: XRP, ETH, BTC, SOL, HYPE
• New positions opened: 20x leveraged short positions on BTC, SOL, ETH (small size)
• Nature of closing: strategic adjustment after profit-taking

This is not just simple stop-loss or risk avoidance, but an active shift to short positions based on profit realization. Such operations usually reflect a significant change in traders’ outlook on the subsequent market trend.

Weekly performance highlights

The nearly $25 million weekly profit demonstrates this address’s trading capability and market acumen. While a win rate of 59.32% is not extremely high, maintaining this level under high leverage is already impressive.

Deeper Implications of Identity and Influence

The special identity of the counterpart

The term “Strategy counterpart” is quite interesting—it’s considered as MicroStrategy’s “on-chain counterpart.” MicroStrategy is the world’s largest institutional Bitcoin holder, currently holding 687,410 BTC worth over $60 billion. The strategic shift of this counterpart address is often viewed by the market as a “contrary indicator” for MicroStrategy and the overall market direction.

When the counterpart shifts from long to short, it may imply:

• Short-term market may face correction pressure
• The address believes current prices no longer have upward appeal
• Shorting opportunities might be more attractive

Divergence in market sentiment

Related data shows that the Strategy counterpart has previously closed positions totaling over $80 million. Now, opening new short positions reflects a clear divergence among market participants regarding the future trend:

• MicroStrategy and its supporters remain bullish and continue to accumulate BTC
• The counterpart chooses to switch from long to short on rallies
• Such divergence creates arbitrage opportunities, especially under high leverage

Future directions to watch

This shift by the counterpart is still in early stages—its short position size remains “small.” This gives us several angles to observe:

First, whether this address will continue adding to its short positions. Continued opening would indicate increasing confidence in shorting. If it remains small, it might be just a probing move.

Second, monitor the short-term trends of BTC, SOL, and ETH. If prices continue rising, the counterpart may face losses, which would reverse the current market strength. If prices start to pull back, the short positions will begin to profit, potentially attracting more follow-on traders.

Finally, the win rate and profit data of this address itself is a signal. Any trader capable of earning $25 million in a single week in crypto markets has market sensitivity worth noting.

Summary

The shift of the Strategy counterpart from long to short is a noteworthy signal, though not to be used as the sole basis for decision-making. The $25 million weekly profit proves this address’s genuine trading ability, and a 59.32% win rate indicates its strategy is not random. The key point is the market context in which this shift occurs—when institutions remain bullish but the on-chain counterpart chooses to go short, the short-term market may face more volatility and adjustments. The most important follow-up is whether the counterpart will continue adding to its short positions and how the market price responds to this strategic change.