"Strategy Opponent Position" fully closed a 40 million scale original oil long position, shifting holdings from hedging to a unilateral short position in the crypto market.

MarsBitNews · 2026-04-07T03:24:13+00:00

On April 7th, Brent crude oil prices rebounded above $110. "Strategy Opponent" closed out $80 million worth of long oil positions, realizing a profit of $3.71 million, and used part of the margin to increase a 40x leveraged BTC short position, with the position size reaching $49.92 million and an unrealized profit of $420k. This move indicates that their outlook on the upward potential of crude oil has become more conservative, shifting to a bearish stance on the crypto market.

MarsBitNews

2026-04-07 03:24:13

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Mars Finance News, on April 7, according to monitoring by Hyperinsight, after Brent crude oil rebounded by more than $110 above, the “Strategy counterparty desk” (0x94d) fully closed the BRENTOIL long position in its $80 million scale “long oil, short BTC” portfolio. Previously, the position size had reached $39.5 million, the entry average price was $100.8, and it recorded a profit of $3.71 million. After closing the crude oil long, the address would use part of the released margin to add to a BTC short position with 40x leverage; the position size was raised to $49.92 million, the average price was $69,137, and the unrealized profit was $420k (34%). It is reported that this hedging portfolio was opened on April 1, when BTC had just briefly broken above the $69k high, while both US and Brent crude oil had both fallen back below $100. Today’s closing may be intended to judge that the upside space for crude oil has become limited; the exposure has shifted from betting on the escalation of geopolitical conflicts to taking a one-way bearish view on the crypto market.

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