Bitcoin Trading Address Adds About $1.6 Million to Long Position

An address trading Bitcoin (BTC) added about $1.6 million to a long position and closed a 104.81036 BTC long valued at about $8.7 million using a reference price. The closed long had a weighted average opening price of $82,971.69 per BTC and a weighted average closing price of $83,068.30. The difference between those prices was $96.61 per BTC. The address, 0xf517639a8872e756ac98d3c65507d2ebc25cc032, had previously increased a Bitcoin short position to about $2.11 million on Oct. 19. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.