Whale closes $170 million in positions in 1 hour! After BTC drops below 90,000, this "counterparty" address significantly cuts losses

【Blockchain Rhythm】On January 9th, a well-known whale address made a major move in a short period of time.

Affected by BTC briefly dropping below $90,000, this whale address, referred to by the market as the “Strategy Opponent” (0x94d), began emergency stop-loss actions. Within an hour, it quickly closed 4 long positions, totaling over $170 million in liquidation.

How intense was the position change? The total holdings shrank from $352 million to $180 million, nearly halving.

Specifically: The 15x leveraged BTC long positions decreased from $137 million to $31.27 million (average price $90,100), and the 15x leveraged ETH long positions shrank from $137 million to $10 million (average price $3,092).

This address only started building positions in December last year, with an initial capital of about $20 million. Since then, it has continuously increased long positions in mainstream cryptocurrencies like BTC and ETH. Interestingly, its trading direction is completely opposite to that of MicroStrategy, a listed company that has been consistently buying large amounts of BTC, leading the market to colloquially call it the “On-Chain Opponent.”

Behind this stop-loss, it reflects the real-time risk management battle of large investors amid market volatility.