Markets· ★★· bullish·

Trader cuts $51.3M BTC short, $141M position remains

  • —Closed 660.41 BTC of short exposure worth $51.3M at an average of $77,663.88
  • —Remaining short stands at 1,818.09 BTC, about $141M
  • —Cumulative account profit estimated at around $149M
  • —Trades ran on Oct 30 from 17:56 to 19:22 KST
Why it matters: Cutting a large short eases selling pressure on BTC, but the remaining $141M position still bets on further downside.
#BTC
Source: TokenPost
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