Crypto Address Cuts $11.94 Million From Bitcoin Short Position

A crypto address cut its Bitcoin (BTC) short exposure by about $11.94 million Saturday, leaving 79.69 BTC in the position, which was valued at about $6.17 million. About $11.92 million in BTC shorts were closed during the window at an average execution price of $77,362.13. The account showed gains of about $25.36 million over 30 days. Its overall profit-and-loss figure showed a loss of roughly $18.79 million. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.