"Strategy Opponent" whale opens a new 40x leveraged BTC short position, with the position size reaching $34.3 million

GateUser-6433627c · 2026-02-28T04:09:26+00:00

On February 28th, the "Strategy Counterparty" address opened a new 40x leveraged BTC short position, with a position size of $34.3 million and an unrealized loss of approximately $230,000. At the same time, this address is the largest on-chain BTC and DASH short seller, with a DASH short position recording an unrealized profit of $4.1 million. This address is known for its contrarian trading style and prefers swing trading.

GateUser-6433627c

2026-02-28 04:09:26

Abstract generation in progress

On February 28, according to Coinbob’s popular address monitoring, the “Strategy Counterparty” address (0x94d) opened a new 40x leveraged BTC short position around $65,270 in the early morning, and added to the position again at 6 a.m. today. Its current BTC short position has reached $34.3 million, with an average entry price of $65,300, a liquidation price of $84,200, and an unrealized loss of about $230,000 (-27%). Additionally, this address is currently the largest on-chain short position for both BTC and DASH. Its DASH short position has recently been reduced by more than half, with remaining holdings still showing an unrealized profit of $4.1 million (581%), at an average price of $71.30. This address is known for establishing large-scale short positions on mainstream coins in opposition during MicroStrategy’s (ticker: MSTR) continuous large-scale BTC accumulation since December, favoring right-side trading to chase rallies and cut losses, with swing trading for profit.

BTC-1,62%

DASH-6,13%

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