ChainCatcher report, according to Hyperinsight monitoring, "Strategy Counterparty" (0x94d3) has fully closed its 40x leveraged BTC long position at an average price of approximately $68,308, resulting in a loss of about $249,800. This long position was gradually accumulated after BTC dropped below $69,000 earlier today, peaking at 439.9 BTC, equivalent to approximately $30.3 million. The position has now been exited with a stop-loss over the past half-hour. Currently, this address has established a baseline short position of approximately 500,000 USD worth of BTC at an average price of $67,923. The address also currently holds a 20x leveraged long position in BRENTOIL (Brent Crude Oil) with a position size of $25.74 million at an average price of $98.64, generating an unrealized profit of $1.16 million (34%).
Strategy Opponent liquidates a $30M BTC long position, incurring a $250K loss.
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Summary
A $30 million BTC long position held by 'Strategy Opponent' (0x94d3) was fully liquidated at $68,308, resulting in a $249,800 loss. The trading strategy involved continuous additions after BTC dropped below $69,000, peaking at 439.9 BTC. The address now holds a $500,000 BTC short at $67,923 and a 20x leveraged $25.74 million BRENTOIL long position with a $1.16 million profit. A stop-loss strategy may have failed to prevent the BTC loss.
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