🔥 “Strategy Counterparty” closes the $40 million crude oil long position and shifts to a one-way short in the crypto market


According to Hyperinsight monitoring, on April 7, after the Brent crude oil price rebounded above $110, the “Strategy Counterparty” (address 0x94d) fully closed the BRENTOIL long leg in its $80 million “Long Oil Short BTC” hedge combination. The long position size was $39.5 million, the average entry price was $100.8, and the profit was $3.71 million. After closing, the margin released by this address will be used to add to its BTC short position with 40x leverage, increasing the position size to $49.92 million, with an average price of $69,137, and a current unrealized profit of $420,000 (34%). This hedge combination was opened on April 1, when BTC briefly broke through 6…
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