Close a BTC long position of $30 million on-chain, then immediately switch to open a short position after losing about $250,000.

BTC-4,08%

Gate News report, on March 27, according to Hyperinsight monitoring, the on-chain address “Strategy Opponent” (0x94d3) has closed all its 40x leveraged BTC long positions, with an average closing price of approximately $68,308, recording a loss of about $249,800. This long position continuously built up after BTC dropped below $69,000 early this morning, with the scale expanding to 439.9 BTC, approximately $30.3 million, and choosing to stop-loss within the last half hour. Currently, this address has opened a BTC short position with a scale of about $500,000, with an average price of $67,923. In addition, this address also holds a 20x leveraged Brent crude oil (BRENTOIL) long position, with a holding size of $25.74 million, an average price of $98.64, and an unrealized profit of $1.16 million (34%).

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