'Strategy Counterparty' Sees 105% Gains on BTC Short Position

2026-02-28 15:00

The 'Strategy Counterparty' address (0x94d) has achieved a 105% unrealized gain on its Bitcoin short position, with profits reaching $880,000. This follows a recent dip in Bitcoin's price. The address initially opened a 40x leveraged short position at approximately $65,270 per BTC and increased its position at 6:00 today. It currently holds the largest on-chain BTC short position. This address is noted for its strategy of establishing significant short positions on major cryptocurrencies, particularly during periods of large-scale Bitcoin purchases by MicroStrategy. It employs a right-side trading approach, capitalizing on price trends and swing positioning to maximize returns.

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