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Bitcoin Address Cuts Short by About $9.3 Million in 11 Hours

The address reduced its short by 123.51378 BTC and still held 51.5341 BTC, valued at about $3.91 million.

By Enna Lee
Published
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An unmarked brass token slides from a channel of matching tokens / TokenPost.ai
An unmarked brass token slides from a channel of matching tokens / TokenPost.ai

An address with an 80% win rate across five Bitcoin (BTC) trading rounds reduced its short by 123.51378 BTC over nearly 11 hours ending Nov. 6, cutting the position by about $9.3 million.

The short fell from 175.04788 BTC at 10:43 p.m. ET Nov. 5 to 51.5341 BTC at 9:41 a.m. ET Nov. 6. The remaining position was valued at about $3.91 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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