Strategy opponent closes $105M in BTC/ETH short positions, profits $1.75M, and reverses to open $39.4M in long positions.

KuCoinFlash

Release Time: 03/20/2026 04:46:01

Summary

A major whale address (0x94d) closed $105 million in BTC/ETH short positions over eight hours on March 20, netting $1.75 million in profits. The address then reversed position, opening $39.4 million in longs at BTC ~$70,500, with a minor floating loss. Open interest analysis indicates this shift reflects a tactical reversal. Known for shorting against MicroStrategy’s BTC purchases in December, the whale employs a swing-trading strategy with a strong risk-to-reward profile.

BlockBeats report, March 20: According to Coinbob's Popular Address Monitoring, over the past 8 hours, "Strategy Counterparty" (0x94d) closed all its short positions in BTC and ETH, totaling $105 million, resulting in a combined profit of approximately $1.75 million.

After closing the take-profit, the address immediately opened a long position, with BTC price around $70,500 at that time. As of writing, the combined long positions in BTC and ETH have reached a total value of $39.4 million, with an overall slight unrealized loss of approximately $10,000.

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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