『Market Adversary』Closes Positions After Long Liquidation, Portfolio Shrinks by $80M

On January 12, BTC's short-term price drop triggered a major shift in a whale's portfolio, according to Hyperinsight. Multiple long positions in major cryptocurrencies fell below the average holding price, prompting the whale to close out XRP and SOL positions and gradually reduce exposure to other assets.

Portfolio Shrinks by Over $80 Million

As a result, the whale's total exposure dropped from $351 million to $270 million within a short period. The account started building its position in December last year with an initial capital of around $20 million, gradually adding leverage to major cryptocurrencies like BTC and ETH.

Market Counterparty Going Against MicroStrategy

This whale's trading direction contrasts sharply with MicroStrategy, which has been aggressively accumulating BTC, leading market observers to label it as the clear counterparty on-chain.

Current Key Holdings

• BTC Longs: 20x leverage, 1,712 BTC, $160M value, current loss $260K, liquidation price at $75,000;
• ETH Longs: 20x leverage, 29,000 ETH, $90M value, current loss $170K, liquidation price at $2,194.