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「Strategy Opposing Position」 heavily shorted BTC this morning, and the current position's unrealized profit has expanded to 105%.

2 hours ago

February 28: Per Coinbob Popular Address Tracker, Bitcoin’s short-term price dip has pushed the "Strategy Whales" address (0x94d)’s unrealized profit on its BTC short position to $880,000, with a floating return of 105%. The address opened a new 40x leveraged BTC short near ~$65,270 in the early hours of today and added to the position again at 6 a.m. this morning — it’s now the largest on-chain BTC short position. This address gained recognition in December for building a massive short on major coins while MicroStrategy (MSTR) was making continuous large-scale BTC purchases. It favors contrarian trading over chasing rallies or sell-offs, profiting from swing trading.
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