According to BlockBeats, on January 27th, Coinbob's hot address monitoring showed that in the past hour, the address "Strategy's counterparty" (0x94d3…) increased its short position in DASH by approximately 26,000 tokens, equivalent to about $1.92 million. Following this operation, its total short DASH position increased to approximately $8.92 million, with the average holding price decreasing from $74.56 to $72.14. This position currently has a floating profit of approximately $1.26 million (70%), with a liquidation price of approximately $298.
This address previously frequently engaged in intraday swing trading of mainstream cryptocurrencies such as BTC and ETH with a scale of over 100 million US dollars, but recently it has not opened any new positions for four consecutive days, and its trading focus has shifted to increasing its short positions in DASH.
This address began building its position in December of last year, with an initial account size of approximately $20 million. It subsequently gradually increased its short positions in major cryptocurrencies such as BTC and ETH. Because its trading strategy was contrary to that of MicroStrategy, a publicly traded company that continuously purchased BTC, this address was considered by the market to be its clear "on-chain counterparty." It frequently opened positions in opposite directions multiple times, with positions reaching hundreds of millions of dollars.
