BlockBeats News, January 27 — According to Coinbob Hot Address Monitoring, in the past hour, the “Strategy Counterparty” address (0x94d3…) increased its short position by approximately 26,000 DASH, worth about $1.92 million. After this operation, its total DASH short position reached approximately $8.92 million, with an average entry price dropping from $74.56 to $72.14. The current unrealized profit for this position is about $1.26 million (70%), with a liquidation price of approximately $298.
This address previously engaged in intraday swing trading of mainstream cryptocurrencies like BTC and ETH with a scale of over $100 million, but has not opened a new position for four consecutive days recently, shifting its trading focus to increasing DASH short positions.
Since December last year, this address began building its position with an initial account size of about $20 million, gradually adding to short positions in BTC, ETH, and other mainstream coins. Due to its trading direction being opposite to that of the listed company MicroStrategy, which continuously buys BTC, the market views this address as its clear “on-chain counterparty.” It frequently reverses positions to open trades in different directions, managing large positions worth hundreds of millions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin, NASDAQ, and Silver Drop Together in Rare Synchronized Market Flush
Bitcoin, NASDAQ, and Silver hit simultaneous lows on the same 5-minute candle at 11:15 am Asia time.
The synchronized selloff resulted from forced multi-asset deleveraging, not crypto-specific catalysts.
Correlations surged temporarily during liquidation,
CryptoFrontNews6m ago
Bhutan Executes Periodic Bitcoin Sales Amid Ongoing Market Volatility
Key Takeaways
Bhutan sold ~$22.4M BTC last week (incl. 184 BTC ≈ $14M) — part of regular ~$50M sales, not panic.
Hydro-powered mining
CoinsProbe20m ago
Bitcoin Crashes Over $10K in a Day as Derivatives Trigger Massive Liquidations
Bitcoin’s plunge reflects liquidation-driven trading, where derivatives overpower spot demand and transform price action into a cascade of forced exits.
Synthetic Bitcoin supply from ETFs, futures, and swaps now dictates short-term valuation more than on-chain scarcity or retail
CryptoNewsLand41m ago
Data: If BTC breaks through $72,308, the total liquidation strength of mainstream CEX short positions will reach $1.117 billion.
ChainCatcher reports that, according to Coinglass data, if BTC breaks through $72,308, the total liquidation strength of long positions on major CEXs will reach $1.117 billion. Conversely, if BTC drops below $65,532, the total liquidation strength of short positions on major CEXs will reach $753 million.
GateNewsBot50m ago
Bitcoin Hashrate Drops 20% as Mining Profitability Collapses
Gate News bot message, Bitcoin's hashrate has dropped approximately 20% as mining profitability collapsed. Crashing BTC prices and Winter Storm Fern across 34 U.S. states triggered the largest difficulty adjustment since China's 2021 ban. Many miners shifted operations during this period.
GateNewsBot52m ago
