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Crypto account cuts Bitcoin long by 50 BTC, losing $80K amid $20.84M total losses

Market News
04 Nov 2026, 20:51 WIB
Tokenpost
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Bearish
Crypto account cuts Bitcoin long by 50 BTC, losing $80K amid $20.84M total losses

A crypto derivatives account linked to address 0x4044570e13b5184f7eb2709de25a4eb766a4794c reduced its Bitcoin long position by 50 BTC, leaving 300 BTC remaining. This move resulted in a loss of about $80,000. The account has executed closing trades worth approximately $3.87 million at an average price of $77,461.81, accumulating total losses around $20.84 million. Earlier, on November 2, the same account had already cut $7.71 million from its Bitcoin long position, signaling significant adjustments in its holdings.

Bitcoin is currently trading at Rp1.455.833.703 on Pluang, showing a 3.30% increase in the past day. As of Nov 05, 2026 02:02 WIB, buying activity dominates with 69% of orders, and the typical holding period is 113 days.

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