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Trading Address Expands Bitcoin Short to $197.2 Million

The address added about $3.52 million to the position on Oct. 20. The account had more than $135 million in cumulative contract gains.

Mentioned assets
A small weight is added above a pinned copper disk. / TokenPost.ai
A small weight is added above a pinned copper disk. / TokenPost.ai

A trading address enlarged its Bitcoin (BTC) short by about $3.52 million early Tuesday, bringing the position near $197.2 million while the account held more than $135 million in cumulative contract gains.

The address, 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36, added to its existing short between 3:12 and 3:34 a.m. ET (07:12–07:34 UTC) on Oct. 20. Before the addition, the position was valued at roughly $194.2 million.

At 3:56 a.m. ET (07:56 UTC), the short was valued at about $197.2 million.

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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