Strategy Counterparty, identified as address 0x94d3, has expanded its Bitcoin short position by $5.2 million, bringing the total to $75.2 million. This move, reported on April 9 by Hyperinsight monitoring, involved an additional 81.06 BTC, raising the average entry price to $69,181.40. The position's liquidation price is set at $79,320.81, with an unrealized loss of $1.8229 million, marking it as the largest BTC short on Hyperliquid. Previously, this address had established significant short positions on major cryptocurrencies during MicroStrategy's substantial BTC acquisitions in December, with the position size reaching $120 million at its peak. The current strategy reflects a continued bearish stance on Bitcoin, despite the unrealized losses.