BlockBeats News, February 28 — According to Coinbob’s popular address monitoring, following a short-term dip in BTC price, the “Strategy Counterparty” address (0x94d) holding BTC short positions has seen its unrealized gains expand to $880,000, with a floating return rate of 105%.
It is reported that this address opened a 40x leveraged BTC short position near $65,270 in the early hours today and added to the position again at 6 a.m. today. Currently, it is the largest on-chain BTC short position.
This address is known for establishing large-scale short positions on mainstream coins during MicroStrategy’s (ticker: MSTR) continuous large-scale BTC acquisitions starting in December, favoring right-side trading to chase gains and cut losses, with swing trading for profit.
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