According to Hyperinsight tracking, on January 20, the 'Strategy Opponent' closed long positions in BTC and ETH worth $265 million three hours prior, incurring a total loss of $324,000. At the same time, the trader swiftly shifted focus, opening a leveraged short position on 73,000 DASH tokens valued at approximately $5.46 million. The average entry price was $78.26, and the current floating profit stands at $255,000, making this account the largest DASH short on-chain.
Strategic Shift to Short Positions
Notably, during Strategy's ongoing BTC accumulation phase, this address had already begun building short positions in BTC and ETH. Previously, it held the title of the largest BTC short on Hyperliquid with a $120 million short position, highlighting its sharp market instincts and adaptable trading approach.
- Exited BTC and ETH longs with a $324,000 loss
- Opened $5.46 million DASH short position
- Currently showing $255,000 floating profit