BlockBeats Information: On January 9, according to Coinbob's popular address monitoring, a mega whale address of "Strategy Counterparty" (0x94d) continuously reduced its long positions, involving multiple cryptocurrencies including SOL, ZEC, PUMP, and HYPE. As of now, the address has cumulatively closed positions of approximately 4 million USD, with total position size reduced to approximately 352 million USD, and is still reducing positions as of press time. Among these, all HYPE long positions have been fully closed.
The address began building positions starting in December last year, with an initial account size of approximately 20 million USD, subsequently gradually increasing short positions in mainstream coins such as BTC and ETH. Because its operating direction is opposite to MicroStrategy, the listed company that continuously purchases BTC, this address is viewed by the market as its clear "on-chain counterparty".