2026-01-20 04:29:24

On-chain data monitoring shows that on January 20th, a well-known trading address completed a major position adjustment within three hours. This tracked "Strategy counterparty" address liquidated a total of $265 million worth of BTC and ETH long positions, ultimately closing with a loss of $324,000.

What's more interesting is that this address immediately switched to shorting. Currently, it is establishing a short position of 73,000 DASH with 5x leverage, worth approximately $5.46 million. The average entry price is $78.26, with an unrealized profit of $255,000, making it the largest on-chain DASH short.

This is not the first major move by this address. Previously, during a period on a major exchange, it repeatedly increased its BTC holdings while establishing short positions in BTC, ETH, and other mainstream coins. At that time, with a position size of $120 million, it became the largest BTC short on a certain platform. This "contrarian" trading style seems to be a characteristic — shorting when the market is bullish, then quickly turning around when the market shifts.

BTC-2,88%

ETH-6,16%

DASH-8,91%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
5
Repost
Share

Comment

0/400

NullWhisperer

· 11h ago

technically speaking, this "strategy counter" address is just playing both sides of the same broken system. clears $265m longs with a loss then immediately pivots to shorting DASH at 5x... ngl the pattern's interesting but also kinda predictable if you think about it. contrarian strategies work until they don't.

Reply0

ChainMemeDealer

· 11h ago

Haha, this guy really knows how to play. Losing 320,000 and then turning around to short DASH with 5x leverage—no one has that kind of guts. This reverse operation move is indeed brilliant, but it feels a bit rushed this time? Clearing out in three hours at this pace. This address is just a big reverse indicator, right? If you copy the reverse trades, isn't it guaranteed to make money? Haha. How's the short on BTC doing now? Bro, please update us with some on-chain gossip. 5x leverage DASH, only celebrating with a 250,000 floating profit? This is just the beginning, I’m watching. This strategy sounds awesome, but in reality, it’s just a gamble on people's psychology. When the market moves in reverse, he moves in reverse.

View OriginalReply0

PrivacyMaximalist

· 11h ago

Haha, it's this old buddy again. He's really good at reverse operations, almost to the point of fully understanding the market.

View OriginalReply0

NotFinancialAdviser

· 12h ago

Ha, this guy really plays reverse operations. He lost 320,000 but still dares to immediately short. I'm impressed... --- This trading style is a bit unusual. Going against the trend when bullish—how strong must his mental resilience be? --- Wait, is this address betting on market sentiment? Or does he really have some insider information... --- Playing DASH short with 5x leverage—what a gutsy move. One rebound and he’s liquidated. --- The "Strategy Opponent" label is quite interesting; it shows that someone is actually tracking this guy’s moves. --- Closing a 265 million long position with only a 320,000 loss—isn’t that pretty good? The key is that the subsequent DASH short with a floating profit of 250,000 has already broken even. --- I just want to know what signals this big shot uses to decide on reverse operations. It doesn’t seem like a random play. --- Continuously betting against market sentiment—either a genius or a lunatic... So far, it looks like a profitable lunatic.

View OriginalReply0

0xLuckbox

· 12h ago

Haha, this guy really knows how to do reverse trading. Lost 320,000 and immediately went short on DASH. How fast must his reaction be... --- Reverse trading is great, but watching others make money is a bit uncomfortable. --- Wait, is this deliberately aligning with market sentiment or does he really have inside information? --- Some people are now trading 5x leverage on DASH, I really didn't expect that. --- Both clearing positions and shorting again. I just want to know when this guy will finally make money... --- How much does this address hate the bulls? He has to go against the trend. --- Losing 324,000 isn't a big deal, but the key is whether the subsequent reverse operations can turn things around. --- The largest on-chain short position. The topic is hot, but I'm just afraid of being proven wrong someday.

View OriginalReply0