Address Closes About $7.68 Million Bitcoin Short; Account Losses Near $38.19 Million

An address closed a Bitcoin (BTC) short position worth about $7.68 million Tuesday, while its contract account showed about $38.19 million in cumulative losses. The short closed at an average execution price of $76,804. At 2:50 a.m. ET (07:50 UTC) on Nov. 3, the address held no BTC position. The address is 0x1f250df59a777d61cb8bd043c12970f3afe4f925. The cumulative loss figure describes the contract account, not the result of the single short closure. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.