Whale Trader's "Buy the Dip" Strategy Keeps Increasing Long Positions in BTC and ETH, Total Position Size Reaches $272 Million

**January 19 – Per Coinbob Popular Address Monitoring, the "Strategy Whale" address (0x94d) has ramped up BTC and ETH long positions over the past few hours, pushing its total position value to $272 million. The positions were opened just over two hours ago.** **Key position breakdown:** - 15x ETH long: ~$221M position value, avg. entry $3,213, unrealized loss ~$240k - 20x BTC long: ~$43.7M position value, avg. entry $93,000, unrealized loss ~$30k **Earlier today, the address was liquidated amid market volatility, posting losses of over $15.3M across three major cryptos. It then bottom-fished with 20x leverage to open BTC/ETH longs, with related positions briefly hitting $53M. All these longs were closed around 3 PM ET today, marking another dip-buy attempt.** **The address began accumulating assets in December 2023 with an initial account size of ~$20M, then gradually built short positions on mainstream coins like BTC/ETH. Market watchers peg it as a clear "on-chain counterpart" to MicroStrategy—the publicly listed firm that has consistently accumulated BTC—due to their opposite directional bets.** **Recently, the whale has repeatedly flipped large positions to long, with position values once exceeding $1B.**