Whale opens 40x BTC short position worth $34.3M, floating loss at $230K

KuCoinFlash

Release Time: 02/28/2026 04:31:24

Summary

A whale opens a 40x BTC short position worth $34.3M through position trading, with an average entry price of $65,300. The floating loss reaches $230K (-27%). The same address holds the largest on-chain BTC and DASH short positions. Recently, it reduced its DASH shorts by more than half, realizing a $4.1M profit (581%). The position sizing strategy favors trend-following, particularly during MicroStrategy’s BTC purchases in December. The liquidation price for the BTC short is $84,200.

BlockBeats report, February 28: According to Coinbob's Popular Address Monitoring, the "Strategy Counterparty" address (0x94d) opened a 40x leveraged BTC short position earlier today near the BTC price of $65,270, and added to the position again at 6:00 today. Its current BTC short position size has reached $34.3 million, with an average entry price of $65,300, a liquidation price of $84,200, and an unrealized loss of approximately $230,000 (-27%).

In addition, this address is currently the largest short on-chain for both BTC and DASH. Its DASH short position has recently been reduced by more than half, with the remaining position still showing a paper profit of $4.1 million (581%) at an average price of $71.3.

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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