Gate News, March 20 — On-chain address 0x94d (known as the “Strategy Opponent”) closed all its short positions in BTC and ETH, totaling $105 million, within the past 8 hours, recording a profit of approximately $1.75 million. After taking profits, the address immediately reversed to a long position, with BTC price around $70,500 at the time. As of press time, its combined long positions in BTC and ETH have reached $39.4 million, with an overall slight unrealized loss of about $10,000. This address is known for establishing large-scale short positions on mainstream coins in December last year during MicroStrategy’s (ticker: MSTR) continuous large-scale BTC accumulation, favoring right-side trading to chase gains and cut losses, with swing trading to profit from market movements.
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