Whale Address "Strategy Counterparty" Lifts BTC, ETH Longs to $272M on Jan. 19

On Jan. 19, whale address "Strategy Counterparty" (0x94d) continued adding BTC and ETH long positions, lifting its total position size to $272 million, Coinbob data cited by BlockBeats show. The latest batch, opened two hours prior, includes a 15x ETH long of about $221 million at an average price of $3,213 with an unrealized loss of $240,000, and a 20x BTC long of about $43.7 million at an average price of $9.30 with an unrealized loss of $30,000. Earlier today, the address closed long positions in three major coins via stop-loss amid market volatility for losses exceeding $15.3 million, then re-entered with 20x BTC and ETH longs that briefly reached $53 million before being fully closed around 15:00. The address began building positions in December with about $20 million and initially added shorts in BTC, ETH and other majors; because its direction ran counter to MicroStrategy's continued BTC purchases, it has been described by market participants as an on-chain counterparty, and its recent long flips have at times exceeded $100 million.