「Strategy Opponent's Position」 slashed its holdings by 48% after falling below the average price, with the long position size plummeting from $350 million to $180 million.
BlockBeats News, January 9th, according to Coinbob Popular Address Monitor, affected by BTC's temporary drop below $90,000, the 「Strategy Whales」 address (0x94d) temporarily closed 4 long positions and continued to significantly reduce its BTC and ETH long positions. As of now, the address has liquidated over $170 million within 1 hour, with its total position size decreasing from $352 million to $180 million. The specific position changes are as follows:
15x BTC Longs: Position size decreased from $137 million to $31.27 million, with an average price of $90,100;
15x ETH Longs: Position size decreased from $137 million to $100 million, with an average price of $3,092;
This address started accumulating positions in December last year, with an initial account size of around $20 million, subsequently gradually adding short positions of mainstream coins such as BTC and ETH. Due to its opposite direction of operation compared to the publicly traded company MicroStrategy, which has been continuously buying BTC, this address is considered by the market as its clear 「on-chain counterpart」.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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