Bitcoin Short Account Closes $51.3 Million, Retains $141 Million Exposure

An address tied to a derivatives account reduced its Bitcoin (BTC) short early Friday, closing 660.40951 BTC and leaving 1,818.0894 BTC open in a position worth about $141 million. The account closed the BTC between 4:56 and 6:22 a.m. ET (08:56 to 10:22 UTC) Oct. 30. The closed amount had an average execution price of $77,663.88 and a value of about $51.29 million. The address still held the remaining short position after the closures. Its contract account had cumulative profit of about $149 million. The address tied to the position was 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36.