Digital Currency

Add as a preferred source on Google

Bitcoin Account Closes Short as Cumulative Contract Losses Near $38.19 Million

The short was valued at about $7.68 million and closed at an average execution price of $76,804. The address had no BTC position at 2:50 a.m. ET (07:50 UTC) Nov. 3.

Updated 1 min read
A Bitcoin symbol appears against a plain background. / TokenPost.ai (macro)
A Bitcoin symbol appears against a plain background. / TokenPost.ai (macro)

The account showed about $38.19 million in cumulative contract losses. Its closed Bitcoin (BTC) short was worth about $7.68 million, not the loss on that trade.

Address 0x1f250df59a777d61cb8bd043c12970f3afe4f925 had no BTC position at 2:50 a.m. ET (07:50 UTC) Nov. 3. The short’s average execution price was $76,804.

Related articles

View all