"Strategy Opponent" has closed long positions in BTC and other coins and switched to short DASH, with current unrealized profit reaching $1.26 million.

BlockBeats News, January 27 — According to Coinbob Hot Address Monitoring, in the past hour, the “Strategy Counterparty” address (0x94d3…) increased its short position by approximately 26,000 DASH, worth about $1.92 million. After this operation, its total DASH short position reached approximately $8.92 million, with an average entry price dropping from $74.56 to $72.14. The current unrealized profit for this position is about $1.26 million (70%), with a liquidation price of approximately $298.

This address previously engaged in intraday swing trading of mainstream cryptocurrencies like BTC and ETH with a scale of over $100 million, but has not opened a new position for four consecutive days recently, shifting its trading focus to increasing DASH short positions.

Since December last year, this address began building its position with an initial account size of about $20 million, gradually adding to short positions in BTC, ETH, and other mainstream coins. Due to its trading direction being opposite to that of the listed company MicroStrategy, which continuously buys BTC, the market views this address as its clear “on-chain counterparty.” It frequently reverses positions to open trades in different directions, managing large positions worth hundreds of millions.