Trading Address Adds $4.591 Million Net to Bitcoin Short Position

A cryptocurrency derivatives account added about $4.591 million net to its Bitcoin (BTC) short position in 49 minutes on Oct. 14, bringing the position to roughly $5.158 million. The account’s position rose from about $567,000 between 5:24 a.m. and 6:13 a.m. ET (9:24–10:13 UTC). It opened about $4.882 million in shorts and closed roughly $226,000 during that period, with the closed positions recording about $669 in profit. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.