Bitcoin Wallet Reverses From a 340.45 BTC Long to $10.11 Million Short

A Bitcoin (BTC) wallet reversed from a 340.45 BTC long position to a 137.02 BTC short worth about $10.11 million, while its total recorded losses reached about $38.79 million.

The update was timestamped Wednesday, Nov. 11, at 3:35 a.m. ET (08:35 UTC), when the wallet remained short. The tracked address is 0x1f250df59a777d61cb8bd043c12970f3afe4f925. The change represents a net swing of 477.47 BTC, from long exposure to short exposure.

During the reported window, the wallet closed about $9.94 million in BTC positions at an average price of $73,961.66 and opened about $1.34 million in positions at an average of $74,036.59. Those figures describe the trading activity during the window; the $10.11 million estimate is the value of the short position that remained open.

The $38.79 million figure is the wallet's cumulative loss, separate from the value of its current position. These figures describe one address and do not measure BTC positioning across the broader market.