Gate News message, April 23 — A whale address known as “Strategy Counterparty” continued building a 40x leveraged short position on Bitcoin today, opening 166.1 BTC shorts worth approximately $12.97 million at an average price of $78,268, according to Hyperinsight monitoring. The liquidation price stands at $79,247, a remarkably tight margin.
Two days ago (April 21), the same address held a $78 million short position but manually closed at a $10.1 million loss after Bitcoin surged above $76,000. This latest trade marks the whale’s return to shorting with an extremely narrow liquidation buffer.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Volatility Halves to 40%: Crypto-Casino Industry Faces Revenue Pressure
Bitcoin's 30-day realised volatility collapsed from approximately 80% in mid-March to 40.7% on April 22, 2026, according to Glassnode's on-chain analysis—the sharpest five-week compression of the cycle. The sharp decline is creating structural pressure on the $81.4 billion crypto-casino industry,
CryptoFrontier14m ago
Whale Opens $25M Bitcoin Long on Hyperliquid with $5M USDC, Sets $77K Stop Loss
According to PANews, a whale on Hyperliquid opened a 5x leveraged long position on Bitcoin worth $25 million using $5 million USDC on May 5. The trader entered at $81,231 and set a stop loss at $77,000, representing a 25% loss threshold if Bitcoin
GateNews22m ago
Circle Surges 20% as Clarity Act Stablecoin Yield Compromise Advances
Crypto-related stocks closed higher on Monday, with Circle leading the rally with a 19.89% surge to $119.53, primarily driven by progress toward resolving the months-long dispute surrounding the Clarity Act, according to The Block. The stock of the USDC stablecoin issuer has gained 32.4% over the pa
CryptoFrontier42m ago
Nasdaq-Listed K Wave Media Scraps Bitcoin Treasury, Redirects $485M to AI
Nasdaq-listed K Wave Media has abandoned its bitcoin treasury plan and redirected $485 million to artificial intelligence investments, less than a year after raising $500 million for the original bitcoin
GateNews59m ago
MicroStrategy Gains 63,410 BTC This Year, Now Holds 3.9% of Total Bitcoin Supply
According to Michael Saylor on X, MicroStrategy gained 63,410 BTC this year, valued at approximately $5.1 billion. The company currently holds 3.9% of the total Bitcoin network supply.
GateNews1h ago
Bitcoin Rebounds 30% From $60K Lows, ARK Projects $16 Trillion Market Value by 2030
According to ARK Invest report, Bitcoin rebounded approximately 30% from recent $60,000 lows on May 5, driving renewed expectations for a new "super cycle." The firm projects Bitcoin's market value will grow at a compound annual rate of about 63% over the next five years, rising from the
GateNews1h ago
