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Amid geopolitical tensions, "Strategy counterparty" locks in gains from oil and gas rally before shifting focus, increasing allocation to a projected 105 million scale amid expected crypto market correction

Amid geopolitical tensions, "Strategy counterparty" locks in gains from oil and gas rally before shifting focus, increasing allocation to a projected 105 million scale amid expected crypto market correction

2026-03-19 13:13

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ChainThink report, March 19: According to Hyperinsight monitoring, within the past 6 hours, the "Strategy Counterparty" address (0x94d) has fully liquidated its long positions in CL (WTI Crude Oil) and NATGAS (U.S. Natural Gas), cashing out gains from geopolitical-driven energy price surges.


Subsequently, the address deployed all released margin into short positions on BTC and ETH. At that time, BTC was trading around $71,000, causing the average entry price of both short positions to decline. The combined notional value of current BTC and ETH short exposures now stands at $105 million.


Due to Brent crude’s intraday rally exceeding that of WTI, the address still holds approximately $4.32 million in long exposure to Brent crude and has not fully exited energy positions. This shift in positioning may reflect a bet that the market has already priced in the bullish impact of U.S.-Iran tensions on energy prices, suggesting a near-term peak, and anticipates a correction in risk assets.

#ETH

Disclaimer: Contains third-party opinions, does not constitute financial advice

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