Bitcoin Account Cuts 50 BTC Long as Cumulative Losses Reach About $20.84 Million

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

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].