BlockBeats News, February 6 — According to Coinbob’s popular address monitoring, this morning, “Strategy Opponent” closed all of its long positions in several cryptocurrencies totaling approximately $175 million, recording a total loss of $31.13 million. This loss caused its account funds to plummet from tens of millions of dollars to less than $6 million.
Subsequently, the address transferred about $8.29 million to Hyperliquid to replenish margin and maintain account operation. Its total account funds have now recovered to approximately $12.9 million. The specific position loss details are as follows:
ETH long position before closing was approximately $105 million, with a closing price of $1,933, resulting in a loss of $17.83 million;
BTC long position before closing was approximately $41.52 million, with a closing price of $65,700, resulting in a loss of $6.3 million;
SOL long position before closing was approximately $15.44 million, with a closing price of $82, resulting in a loss of $3.57 million;
XRP long position before closing was approximately $13.88 million, with a closing price of $1.25, resulting in a loss of $3.43 million;
This address has been building positions since December last year, starting with an initial account size of about $20 million, then gradually increasing short positions in mainstream coins like BTC and ETH. Due to the operational direction opposite to that of the listed company MicroStrategy, which continuously buys BTC, the market views this address as its clear “on-chain Opponent.” It frequently reverses positions and opens large-scale positions in different directions, with multi-hundred-million-dollar holdings.
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