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Crypto derivatives account cuts Bitcoin long position by $7.71M amid $20.91M losses

Market News
03 Nov 2026, 05:49 WIB
Tokenpost
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Bearish
Crypto derivatives account cuts Bitcoin long position by $7.71M amid $20.91M losses

A crypto derivatives account linked to address 0x4044570e13b5184f7eb2709de25a4eb766a4794c reduced its Bitcoin long position by approximately $7.71 million. The account has faced cumulative losses totaling about $20.91 million. This update was recorded on November 2, highlighting significant risk and loss management activity in the crypto derivatives market. Such moves may indicate caution among traders amid volatile Bitcoin prices.

Bitcoin trades at Rp1.391.133.254 on Pluang as of Nov 03, 2026 11:02 WIB, showing a 1-day decline of 2.54%. The platform records a market cap of Rp27.915,38 trillion and a 24-hour trading volume of Rp446,4 trillion. Despite recent large derivatives position cuts, typical hold time on Pluang remains steady at 112 days, with buyers dominating at 73%.

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