Bitcoin Wallet With 98% Win Rate Cuts About $9.33 Million in Longs

A Bitcoin (BTC) trading address with a 98% win rate across 42 tracked rounds had cut its long exposure by 116.48847 BTC, worth about $9.33 million, by 6:15 a.m. ET (10:15 UTC) Thursday, Oct. 29.

The wallet, 0xf517639a8872e756ac98d3c65507d2ebc25cc032, still held 106.17649 BTC, valued at about $8.51 million at the snapshot time. Its activity included about $15.87 million in closed long positions and about $6.4 million in newly opened longs. The weighted average execution prices were about $81,273 for the positions closed and $81,204 for those opened.

The 98% record covered 42 trading rounds from Sept. 18 through Oct. 29. The address raised a Bitcoin short to about $2.11 million on Oct. 19, after winning all 12 tracked rounds through Oct. 13.