"Strategy Opponent" adds more than $60 million in long positions, bringing the total holdings back to $315 million.

GateNews
ETH-2,46%
BTC-2,12%
SOL-3,37%

BlockBeats News, January 12 — According to Coinbob’s popular address monitoring, the “Strategy Opponent” whale address (0x94d) has adjusted its positions again in recent hours, continuously increasing its long positions in mainstream cryptocurrencies such as ETH and BTC. Its total holdings have risen from approximately $250 million at 10 a.m. today to currently $315 million, an increase of over $60 million.

This address closed its ETH, BTC, and SOL short positions at around 4 a.m. today to break even, then reversed and opened long positions around $90,600 in BTC, gradually adding to multiple mainstream coins. As of press time, it holds long positions in 7 major cryptocurrencies with a total size of about $315 million, making it the largest long position in BTC on the Hyperliquid platform. The specific position changes over the past 4 hours are as follows:

20x BTC long position: position size increased from $121 million to $157 million, average price $90,800, floating profit $1.86 million;

20x ETH long position: position size increased from $70 million to $91 million, average price $3,123, floating profit $950,000;

20x SOL long position: position size reached $33.14 million, average price $138, floating profit $1.03 million;

This address started building its position in December last year with an initial account size of about $20 million, then gradually added to short positions in BTC, ETH, and other mainstream coins. Due to its operational direction being opposite to that of the listed company MicroStrategy, which continuously buys BTC, the market views this address as its clear “on-chain opponent.” Recently, it has repeatedly reversed its positions to large long positions, with holdings reaching over one hundred million dollars.

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