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Crypto Address Opens 40x Short on 400 Bitcoin Worth $33.13 Million

The position entered at $83,171.70 and showed a $134,000 unrealized gain as Bitcoin traded at $82,805.71.

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Gold cryptocurrency coin tipping a small metal balance scale / TokenPost.ai
Gold cryptocurrency coin tipping a small metal balance scale / TokenPost.ai

A crypto address opened a 40x leveraged short position covering 400 Bitcoin (BTC), with the position valued at $33.13 million at an entry price of $83,171.70.

The position showed an unrealized gain of $134,000 as BTC traded at $82,805.71, down 1.68%.

The short position was opened early Oct. 8.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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