Strategy Counterparty Address (0x94d) Slashes BTC/ETH Longs as Bitcoin Falls Below $90,000, Total Positions Down to $180 Million

The address labeled Strategy Counterparty (0x94d) closed four long positions and sharply reduced BTC and ETH exposure after Bitcoin briefly fell below $90,000 on January 9, liquidating over $170 million within one hour, Coinbob data show. Total positions dropped from $352 million to $180 million. Its 15x BTC long decreased from $137 million to $31.27 million at an average price of $90,100, while the 15x ETH long fell from $137 million to $100 million at an average of $3,092. The address began building positions in December with about $20 million and is viewed by the market as MicroStrategy's on-chain counterparty, BlockBeats reports.