On February 28, a popular address monitored by Coinbob showed significant gains in a BTC short position due to a brief decline in BTC prices. According to BlockBeats, the address known as 'Strategy Counterparty' (0x94d) has seen its unrealized profit expand to $880,000, with a floating return rate of 105%. The address reportedly opened a 40x leveraged BTC short position early today when BTC was priced around $65,270 and increased its position at 6 a.m. (UTC+8). It is currently the largest BTC short position on-chain. This address is known for establishing large-scale short positions in mainstream cryptocurrencies during periods when Strategy (MSTR) was making substantial BTC purchases. It is recognized for its strategy of right-side trading, capitalizing on market trends to build profitable positions.