"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.

BlockBeatNews · 2026-04-07T02:50:29+00:00

BlockBeats news reports that on April 7th, Strategy closed a $80 million long oil and short BTC position in the BRENTOIL contract, realizing a profit of $3.71 million. After closing the position, this address increased its BTC short position by 40 times leverage, reaching a scale of $49.92 million, with an unrealized profit of $420k. This move indicates their judgment that the upside potential for crude oil is limited, leading them to turn bearish on the cryptocurrency market.

BlockBeatNews

2026-04-07 02:50:29

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BlockBeats message, April 7, according to monitoring by Hyperinsight, after Brent crude oil rebounded to above $110, the “Strategy counterparty” (0x94d) completely closed out the BRENTOIL long position in the $80 million-scale “long oil, short BTC” portfolio it held. 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 long crude oil position, the margin portion that will be released by the address will be used to add to BTC short positions at 40x leverage. The position size is raised to $49.92 million, with an average price of $69,137, and an unrealized gain of $420,000 (34%).

It is reported that this hedging portfolio was opened on April 1, when BTC had just briefly broken above the $69,000 high point, while both US and Brent crude oil had fallen back to below $100. Today’s closing may be intended to judge that the upside space for crude oil has become limited; the positioning has shifted from betting on the escalation of geopolitical conflicts to taking a one-sided bearish view of the crypto market.

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