Bitcoin Derivatives Account Linked to an Address Closes $3.24M Long, Opens Short

A derivatives account linked to an address closed a Bitcoin (BTC) long worth about $3.24 million and opened new long and short positions during a 24-minute window on Oct. 20. The trades took place between 10:51 and 11:15 a.m. ET (14:51 and 15:15 UTC). The account opened a new Bitcoin long valued at about $3.24 million and a short valued at about $3.76 million. The account’s cumulative loss was about $38.2 million as of 10:51 a.m. ET (14:51 UTC), the start of the trading window. That total includes account profit and loss, including unrealized gains and losses on open positions.

Source: TokenPost