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
Glassnode: Over 400,000 Bitcoins are accumulated in the $60,000 to $70,000 range, forming a dense cost support zone
According to Glassnode data, during Bitcoin's recent decline, over 400,000 BTC were accumulated in the $60,000 to $70,000 range, with supply increasing from 997,000 to 1,430,000, a 43% increase. This range forms a dense cost basis for holding, while the $70,000 to $80,000 range is considered a low trading volume zone.
GateNewsBot9m ago
ProCap Financial discloses Bitcoin holdings of 5,007 coins and repurchases 148,241 common shares
Odaily Planet Daily reports that Bitcoin financial company ProCap Financial, listed on NASDAQ, announced that on February 20th, it repurchased 148,241 common shares on the open market. Additionally, the company disclosed that its current Bitcoin holdings amount to 5,007 coins, valued at approximately $335 million. It also holds $75 million in cash and about $100 million in convertible bonds. (Businesswire)
GateNewsBot14m ago
El Salvador advances the reform of Bitcoin education initiatives within the public education system
BlockBeats News, February 24 — According to DL News, El Salvador is further advancing its Bitcoin experiment through a new public education initiative. The Bitcoin Diploma 2.0, launched by the El Salvador National Bitcoin Office on Sunday, is a "complete reimagining of its educational program."
The first batch of teaching materials has been printed and will be used in El Salvador's education system. The program is scheduled for full implementation in public schools by 2026.
GateNewsBot48m ago
