According to ChainCatcher, data from Hyperbot shows that the "Strategy Opponent" account has closed all short positions in BTC, ETH, SOL, XRP, kBONK, SUI, and FARTCOIN within the past 20 minutes, and its perpetual contract positions are now zero. The account earned approximately $7.17 million in profits within one day and about $10.01 million in the past month. This address started building its position in December last year, with a total account value exceeding $31.78 million. After opening its position, it gradually increased short positions in major cryptocurrencies like BTC and ETH, with its BTC short position once valued at over $120 million, making it the largest BTC short position on-chain. This account is comparable to the "Strategy Opponent" account, which is known for consistently buying BTC.
Hyperbot Data: 'Strategy Counterparty' Liquidates BTC, ETH Short Positions, Earns $7.17M in 1 Day
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Summary
Hyperbot data reveals that a "Strategy Counterparty" account has liquidated all of its BTC, ETH, and other major short positions, earning $7.17 million in 24 hours. The account, active since December 2023, previously held the largest on-chain BTC short position, valued at over $120 million. With a total value of $31.78 million, this move aligns with value-investing strategies in the crypto market. Day-trading tactics in crypto may have contributed to the rapid gains, as the account now holds zero perpetual contracts.
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