Blockbeats: 'Strategy Counterparty Position' Heavily Short BTC, Unrealized Gains Rise to 105%

KuCoinFlash

Release Time: 02/28/2026 07:00:40

BTC

$63,936.10-3.3%

Summary

On February 28, the 'Strategy Counterparty Position' address (0x94d) saw its unrealized gains on its BTC short position rise to $880,000, achieving a 105% return. The position employed a 40x leveraged BTC short near $65,270, with a margin top-up at 6 AM, making it the largest on-chain BTC short to date. This address has a history of establishing large short positions during MicroStrategy’s BTC purchasing surge in December and typically employs right-side trading to capitalize on price movements.

BlockBeats report, February 28: According to Coinbob Hot Address Monitoring, following a brief dip in BTC price, the unrealized profit from the BTC short position held by the "Strategy Counterparty" address (0x94d) has expanded 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 per BTC earlier today, and added to the position again at 6:00 today. It is currently the largest BTC short position on-chain.

This address is known for establishing large short positions on major cryptocurrencies during the period of MicroStrategy's (ticker: MSTR) consecutive large-scale BTC purchases in December, favoring right-side trading by chasing price trends and profiting through swing positioning.

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