# Bitcoin Derivatives Account Linked to an Address Closes $3.24M Long, Opens Short

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/36242
Published: 2026-10-21T02:22:37.000Z
Updated: 2026-10-21T02:22:37.000Z
Section: Investing

> It opened a new $3.24 million long and a $3.76 million short. Cumulative losses were about $38.2 million as of 10:51 a.m. ET (14:51 UTC).

A derivatives account linked to an address closed a Bitcoin (BTC) long worth about $3.24 million and opened new long and short positions during a 24-minute window on Oct. 20.

The trades took place between 10:51 and 11:15 a.m. ET (14:51 and 15:15 UTC). The account opened a new Bitcoin long valued at about $3.24 million and a short valued at about $3.76 million.

The account’s cumulative loss was about $38.2 million as of 10:51 a.m. ET (14:51 UTC), the start of the trading window. That total includes account profit and loss, including unrealized gains and losses on open positions. It does not represent the reported result of the long that was closed.

The address associated with the account was 0x1f250df59a777d61cb8bd043c12970f3afe4f925.