Bitcoin Address Cuts $4.01 Million in Longs With $55.78 Million in Cumulative Profits

The derivatives account tied to address 0x023a3d058020fb76cca98f01b3c48c8938a22355 reduced its Bitcoin (BTC) long holdings by about 51.20 BTC, a net decline valued at roughly $4.03 million, while its cumulative profits stood at about $55.78 million.

The change occurred from 7:12 p.m. ET Thursday, Oct. 29, to 1:32 a.m. ET Friday, Oct. 30 (23:12–05:32 UTC). During that period, the account closed about $4.01 million in BTC long positions and opened roughly $40,000 in new longs.