Address trims $51.31 million in BTC shorts, still holds about $141 million position

Address trims $51.31 million in BTC shorts, still holds about $141 million position

N
News Editor
2026-10-30 11:11:49
ChainCatcher reported, citing market information, that a contract account tied to a specific address has accumulated roughly $149 million in total profit. The address reduced its Bitcoin short exposure by about $51.31 million, but still holds 1,818.0894 BTC in short positions, valued at about $141 million. During the period from 16:56 to 18:22, the account closed 660.40951 BTC worth of short positions. The notional value of those closed trades was about $51.29 million, with an average execution price of roughly $77,663.88. The address identified in the report is 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36. The reported total profit and loss figure shows a profit of about $149 million.

ChainCatcher, citing market information, reported that a contract account linked to a specific address has posted cumulative profit of about $149 million.

From 16:56 to 18:22, the account closed 660.40951 BTC in short positions. The closed amount was about $51.29 million, and the average execution price was about $77,663.88.

After cutting roughly $51.31 million in BTC shorts, the account still holds 1,818.0894 BTC in short positions, with the remaining position valued at about $141 million.

The address is 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36. Total PnL stands at a profit of about $149 million.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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