「Strategy Counterparty Liquidation」 Long Position Breakeven Closeout After Drawdown, Temporary Position Size Reduced by Approximately $80 Million

On January 12, Hyperinsight data shows that after a short-term BTC price decline, the "Strategy Counterparty" whale address (0x94d) saw all long positions across 7 major coins drop below their average entry prices. Subsequently, the address closed all long positions in XRP and SOL, while gradually reducing holdings in other assets. To date, it has liquidated over $80 million in a short period, slashing its total holdings from $351 million to $270 million. The address started accumulating positions in December last year with an initial $20 million account size, then gradually added short positions in major coins like BTC and ETH. Since its strategy directly contrasts MicroStrategy’s continuous BTC accumulation, the market views it as a clear on-chain counterpart. Its current key holdings are: - BTC 20x long: 1,712 coins, holding value $160 million; current loss $260,000; current price $91,000; liquidation price $75,000. - ETH 20x long: 29,000 coins, holding value $90 million; current loss $170,000; current price $3,117; liquidation price $2,194.