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Add as a preferred source on GoogleBitcoin Account Cuts 50 BTC Long as Cumulative Losses Reach About $20.84 Million
It recorded about $3.87 million in closing trades at an average execution price of about $77,461.81 and retained a 300 BTC long.
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A crypto derivatives account tied to address 0x4044570e13b5184f7eb2709de25a4eb766a4794c reduced its Bitcoin (BTC) long by 50 BTC, leaving a 300 BTC position. The closing trades produced a loss of about $80,000.
The account recorded about $3.87 million in closing trades during the observation window, at an average execution price of about $77,461.81. Its cumulative losses were about $20.84 million.
The same address previously reduced about $7.71 million from its BTC long on Nov. 2.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.