BlockBeats News, February 28 — According to Coinbob’s popular address monitoring, following a short-term dip in BTC price, the “Strategy Counterparty” address (0x94d) holding BTC short positions has seen its unrealized gains expand 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 in the early hours today and added to the position again at 6 a.m. today. Currently, it is the largest on-chain BTC short position.
This address is known for establishing large-scale short positions on mainstream coins during MicroStrategy’s (ticker: MSTR) continuous large-scale BTC acquisitions starting in December, favoring right-side trading to chase gains and cut losses, with swing trading for profit.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bloomberg: After Iran's Supreme Leader's death, Bitcoin rebounds above $68,000
After Iran's Supreme Leader Khamenei's death, the crypto market quickly rebounded, with Bitcoin rising to $68,196 and Ethereum regaining the $2,000 level. The day before yesterday, the market cap lost $128 billion, but on Sunday, it recovered about $32 billion. Despite increased market volatility and more uncertainties, it is expected that clearer price discovery will occur once U.S. stocks and Bitcoin ETFs resume trading.
GateNews3m ago
Bitcoin spot ETF net inflow this week is $787 million, with BlackRock IBIT leading with a net inflow of $503 million.
This week (February 23 to 27), Bitcoin spot ETF net inflows reached $787 million, with BlackRock ETF IBIT net inflows of $503 million. The total net inflows in history have reached $61.81 billion. Grayscale GBTC net inflows amounted to $89.43 million, with a current total asset value of $83.40 billion.
GateNews36m ago
Bitcoin Extortion Plot Turns Violent as Fake Mailman Forces Way Into Home
Alleged bitcoin extortion turned violent in Seattle as prosecutors say a suspect posed as a postal worker, forced entry into a home, and demanded cryptocurrency.
Seattle Couple Terrorized in Alleged Bitcoin Extortion Home Invasion
Extortion schemes targeting digital assets such as bitcoin can
Coinpedia43m ago
BTC Breaks Through 68,000 USDT
Gate News bot message, Gate Market Display, BTC Breaks 68000 USDT, current price 68006 USDT.
CryptoRadar2h ago
