Turning into one of the wildest reversals you’ll see…🤐
“Strategy’s Counterparty” is now deep in the red, sitting on a -$33.3M total PnL, after once being up over $25M -- a brutal swing.
Right now, he’s running two massive, high-leverage positions -- and both are in loss:👇
On $BTC , he’s holding a 40x short worth about $70.53M (around 1,001 BTC). His entry is roughly $69,614, while the current price is near $70,455, putting him at a loss of about -$841K (-47.7% ROE). Liquidation is far above at $78,898, with around $1.76M margin backing the position, and interestingly, he’s still earning about $8.5K in funding.
On the other side, he’s long #BrentOil with 20x leverage, holding ~202,155 contracts valued at $19.27M. Entry is around $98.33, and with price moving against him, he’s down roughly -$603K (-40.2%). Liquidation sits near $90.18, with about $1.49M margin, and he’s paying around -$3.8K in funding here.
Overall positioning is almost split but still tilted -- about $70.5M in shorts vs $19.27M in longs, with total exposure close to $89.8M.
So yes… both sides of his trade are bleeding at the same time. It’s a rare (and painful) setup -- hedged, but wrong on both legs.
Address: 0x94d3735543ecb3d339064151118644501c933814
